Press Release: Investment for International Expansion
Trailight secures £3m in funding for International Expansion
After a strong performance in 2020 and continued growth into 2021, Trailight has secured additional investment. The funds have been raised to enable international growth and to expand the product set into new areas of people related regulatory compliance. Trailight’s existing investors fully funded the round reflecting a huge vote of confidence in the company’s approach and the size of the wider opportunity.
Trailight successfully raised £3M and was heavily oversubscribed for the round. Investors include Access Intelligence Plc and a number of other leading investors within the RegTech space.
With the funds raised, Trailight aims to double down on its market leading capability in accountability, people risk, conduct and competence and expand its focus to the global marketplace including, Singapore, Hong Kong, Ireland and Australia.
David McNair Scott, CEO of Trailight, said “I am really pleased that our investors have supported this round. This investment will enable us to help our customers globally with the workflow and regulatory footprint required by the latticework of regulation focused on their people. A single best practice solution, that can be configured to mitigate local requirements.”
Joanna Arnold CEO of Access Intelligence Plc, said “We are delighted to cornerstone this investment round. Trailight continues to spearhead innovation in financial regtech and is ideally positioned to support global expansion of best practice”.