Founders: Nicolas Blanchard, Philip Schoch, Ralf Huber, Thomas Suter
Keywords: RegTech, Compliance,
Last funding: $1.5M seed - Sept 2017
Lead investor: Peter Kurer, SICTIC, DIVentures, and ZKBTotal funding: $1.5M Seed, Sept 2017
Keywords: Regtech, Compliance, Machine Learning
Who is it for: Financial Institutions
HQ: Zurich, Switzerland
“Transforming complex financial regulations into machine-readable rules”
The uncertainties surrounding Brexit are increasing the need for efficient compliance solutions and Apiax believes that it is well equipped to meet these challenges, as its solution enables financial institutions to map existing regulatory requirements and quickly adjust changing licensing regimes for different legal entities.
In March 2019, Apiax opened in London and hired former Financial Conduct Authority (FCA) expert on RegTech, Alan Blanchard. In May, the RegTech joined the third cohort of Allen & Overy’s fuse accelerator to kickstart its business activities in the UK.
Apiax was named early stage startup of the year at the Swiss FinTech Awards 2019.