Apiax provides digital compliance solutions to financial-service firms. The company has opened a Frankfurt office and won initial customers in Germany as part of a market-entry push. Expansion in Germany is being supported by a new investment from Futury Regio Growth Fonds alongside existing backers. The fresh capital and expertise are intended to accelerate growth and enable on‑the‑ground customer support. Apiax reported a strong year in which it gained new customers and strategic partners and strengthened its market position. The startup already maintains offices in London and Singapore. Apiax, founded in 2017, built an award-winning technology that provides easy access to compliance knowledge. Its platform transforms complex regulations into easy-to-use digital compliance rules for companies operating in an increasingly regulated economy. The product is designed to help firms stay focused on core business objectives and deliver high-value customer experiences. Apiax has offices in Zurich, Lisbon and London. The company recently obtained the Monetary Authority of Singapore's FSTI Proof-of-Concept grant to enhance its platform. That grant will support further product development and experimentation in the financial services context. Co-founder Philip Schoch said the funding allows Apiax to take its product development even further. Apiax provides a technology platform that gives everyone access to compliance knowledge and enables companies to build digital solutions which are compliant by design. The company was founded in 2017 and is led by Nicolas Blanchard and Philip Schoch. Its team comprises legal, technology, and product experts with offices in Zurich, Lisbon, and London. Apiax completed a $6.6M Series A to support its growth. The company intends to use the funds to strengthen product development and continue building its interdisciplinary legal and technology team across all locations. The platform and team focus on empowering enterprises with digital compliance solutions. Led by Ralf Huber, Apiax offers a digital compliance management platform that enables external legal experts and in-house legal and compliance teams to collaborate and manage regulations digitally. The platform includes verified, up-to-date digital rule sets and a regulatory cockpit for teams to manage, review and deploy regulatory updates. Its rule engine uses machine-learning practices and is infrastructure independent, running in private or public clouds, and rules can be integrated into any system or process via an API. The company completed the F10 Accelerator program (graduating April 2017) and has joined the Kickstart Accelerator as it prepares to go to market. Apiax intends to use the seed funds to expand operations, continue product development and support market entrance efforts. The company is based in Zurich, Switzerland.

Total raised

$8M

Funding rounds

4

Latest round

Series A

Latest activity

Oct 2019