Droit, a regulatory compliance platform used by large banks, $23M

Droit, a regulatory compliance platform used by finance heavyweights such as Wells Fargo, Goldman Sachs and UBS, has raised $23 million in Series B funding.

In the year Founded in 2012 from New York, Droit is used to strengthen the business decision-making of financial institutions by integrating regulatory knowledge into the pre-trade process, showing key information on whether the transaction is allowed according to the rules of each market, such as internal policies, ensuring that all obligations are met.

Droit also provides post-trade processing with a variety of reporting and tracking methods, meaning that stakeholders can not only make trading decisions based on the most up-to-date information, but also back up their decisions. Information to the source that guides their actions. It’s all about creating a digital-paper trail for auditing.


Financial compliance costs are reported to exceed $274 billion by 2022, up from $214 billion two years ago, and could account for more than 5 percent of institutions’ annual budgets. Banks and similar entities are taking note of emerging technologies designed to address the regulatory demands of governments around the world, and investors are paying close attention. London-based SteelEye recently raised $21 million for its cloud-based compliance platform that promises to streamline regulatory reporting and reduce the risk of non-compliance. And earlier this year, another London-based firm, GSS, received $45 million to investigate possible sanctions on banks by governments.

Droit, which raised a $16 million Series A round six years ago, said it plans to expand its existing capital markets regulatory automation to additional uses and expand the new cash injection into wealth management.

The company’s Series B round was led by Pivot Investment Partners and client UBS, with participation from existing investors – and client – Goldman Sachs.

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