AsiaVerify, an intelligence RegTech platform providing real-time corporate verification data across Asia, has secured a growth capital investment from Foresight Group.
Following the investment, AsiaVerify plans to expand its team with new hires across sales, marketing and customer success. This expansion will build on a strong growth trajectory achieved to date with limited sales resources. The company will also continue to invest in product development, with a focus on helping global customers identify and access new suppliers more effectively.
AsiaVerify draws on official sources across 14 Asian jurisdictions to deliver insights into more than 447 million companies. These insights include ownership structures, ownership information, risk indicators and compliance status, enabling organisations to perform business verification and ongoing monitoring in real time.
Growing supply chains, cross-border investment flows and corporate partnerships throughout Asia are increasing the need for organisations to better understand counterparties and evolving risk profiles. At the same time, regulatory scrutiny around ownership transparency, sanctions and continuous monitoring is intensifying, exposing limitations in traditional data sources. These market dynamics are driving sustained demand for compliant, accurate and real-time Asian corporate intelligence.
Commenting on the investment, AsiaVerify CEO Leas Bachatene said, “We are thrilled to partner with Foresight as we embark on the next phase of our journey. This investment underscores the confidence in our vision and technology, and will enable us to accelerate innovation, expand our reach, and deliver even greater value to our customers.”
Salim Chantler, senior investment manager at Foresight, added, “Regulators increasingly require more stringent business verification, which in the Asia Pacific region can be particularly difficult to complete. By providing high quality data without lengthy lead times and high costs, AsiaVerify have disrupted the existing market. Foresight’s investment is about investing in additional sales resource while continuing to improve the product functionality. We look forward to partnering with the AsiaVerify team to drive continued growth and success.”
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