RZOLUT, a leading RegTech company specialising in financial crime and compliance solutions, has announced a successful funding round, raising $1.25m.
This angel funding round was led by Green Trunk Ventures (GTV), with participation from several global angel investors.
The company leverages advanced AI-driven platforms to help organisations mitigate risks and ensure compliance in the ever-evolving regulatory landscape. RZOLUT serves clients across diverse industries, including banking, private equity, gaming, and retail, with a presence in North America, Europe, and Asia.
With the fresh investment, RZOLUT plans to scale its operations, enhance its AI technology, and expand its customer base in North America, where it already serves over a dozen clients.
Sandro Stephen, managing partner of GTV, and co-investor Stanley Stephen, said, “We recognize RZOLUT’s potential to disrupt the complex regtech data space with its deep domain knowledge and AI driven technology platforms. Sarabjeet and his team are very experienced and capable professionals who understand this space intricately and have the ability to think and execute big. We look forward to an exciting journey together over the next few years.”
RZOLUT’s founder Sarabjeet Singh expressed gratitude for the investor support, stating, “We are incredibly excited to receive the support and confidence of our investors.
“This funding will enable us to scale our operations, invest further in our AI led technology platform and help our customers build safer, more profitable businesses. Our vision of becoming the preferred data utility in the AML space is closer to reality thanks to this strategic investment.”
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