Northern Irish RegTech raises £1.2m

Datactics has raised £1.2 million in a funding round led by Kernel Capital and Par Equity.

The Belfast-based RegTech startup provides data quality and matching software to the financial services industry and government departments to help measure, clean and match data.

The company has grown significantly since its initial investment in 2018, with 12 new hires and the opening of new offices in Milan and New York. This latest funding round will help facilitate research and development, alongside the hiring of additional key personnel, as the customer base builds across Europe and the US.

This is the second investment secured from the Bank of Ireland’s Kernel Capital Growth Fund. The fund was designed to help small businesses in Northern Ireland accelerate their growth.

“As a banking partner to many businesses, we know businesses have been investing for the future, and this investment supports Datactics in further accelerating their scaling ambition through new product development to increase their competitiveness and successful expansion into international markets,” said Gavin Kennedy, head of business banking at Bank of Ireland.

    Share Story:

Recent Stories


The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.