image credit: Pexels

UK regtech GSS lands £37m in Series A2 funding round

March 26, 2024


The firm’s latest round, which follows an initial £37 million cash injection in January 2023, featured participation from returning investors AlixPartners, The Cynosure Group and MUFG as well as new backer Commonwealth Bank of Australia (CBA).

As part of its investment, CBA’s executive general manager of financial crime compliance, John Fogarty, will join the company’s board.

Fogarty adds that CBA may potentially look to utilise GSS’s tech “to continue to prevent sanctioned parties from accessing and moving money into or out of Australia, whilst also speeding up the millions of international payments for our customers”.

Read More on FinTech Futures