Formalize has developed an industry leading compliance technology platform enabling corporates to manage their compliance operations from a single platform

Formalize (previously Whistleblower Software) has developed an industry leading solution designed to enable corporate customers to efficiently meet new legal requirements and protect businesses from the threat of financial crime, whilst potentially saving tens of $billions in the process.

The Formalize platform automates compliance operations across various regulations, enabling corporates to meet increasingly complex new regulations within a single integrated platform.

Having already delivered a market leading whistleblowing software solution to 450 corporates across 80 countries, the capital raised in this round provides resources to rollout the Formalize platform with the aim of becoming a global leader, propelling the industry forward.

Targeting the €55billion per annum risk and compliance software sector, the Company is utilising a significant regulatory tailwind and is on an exciting growth trajectory