Datactics, based in Belfast, provides an AI-enabled platform and services that let non-IT staff deduplicate, clean and enrich enterprise data. The platform is preconfigured for regulated sectors and the company serves clients in financial services and government agencies. Datactics says sales have grown strongly over the past twelve months and Par Equity notes revenues have more than doubled in the last two years; the company employs around 50 people. The firm will use the £2m funding to accelerate growth by investing in sales resources focused on London and New York and plans to put people in-market in New York and Tokyo before the end of the year. Management highlights the platform’s explainability as a selling point for risk‑averse customers. Datactics is a Belfast, Northern Ireland provider of RegTech solutions for the banking and financial services sector. Led by CEO Stuart Harvey, the company provides data quality and matching software to allow financial firms to measure, clean and match data ahead of regulatory reporting, business intelligence, or analytics processes. Its solutions combine data quality and matching capabilities with specialist regulatory knowledge to help multiple international Tier 1 financial firms comply with regulations including BCBS 239, MiFID II, and AML/KYC. The products are automated, customizable, connect to a wide range of data types and sources, and are designed for business users in banks, fund managers and government departments. The company is building upon an international customer base across Europe and the US and is opening two new offices in Milan and New York. It intends to use recent funding to facilitate R&D and hire additional key personnel.

Total raised

$4M

Funding rounds

2

Latest round

Series A

Latest activity

May 2021