Luxembourg FinTech Startup of the Year Governance.io Raises €2m in Funding Round
Luxembourg: 26 October, 2016. 2Gears S.A., the award-winning creator of the Governance.io Investment Fund Oversight solution, has raised a funding round of €2m. Backed by an undisclosed group of senior sector specialists, the round includes debt financing under InnovFin (EU Finance for Innovators Initiative).
The company intends to use the funds to further accelerate development of the platform and fuel international expansion to four new EU markets. “The UK, Ireland, Germany and France are top of the list as we make headway developing our global strategy to meet increasing demand,” said Bert Boerman, CEO and Co-Founder of 2Gears.
The 11-strong team is also set to expand with six new job openings released this month.
The company was awarded “Luxembourg FinTech Startup of the Year” in June 2016 for its pioneering Investment Fund Oversight platform, Governance.io. The solution enables professionals to transparently organise and exchange all data, documentation and controls of the investment funds they manage.
The platform was recently enhanced with the third-party oversight module. “This will allow the execution of online risk reviews of delegates such as investment managers and fund distributors,” explained Rob Boerman, CTO and Co-founder. “We’ll be launching another module for the management of meetings, meeting packs and board packs next month, with more functionalities in the pipeline for Q1 2017.”
Founded in 2011 by brothers Bert and Rob Boerman, 2Gears S.A. is a RegTech software development company based in Luxembourg and the Netherlands. Awarded “Luxembourg FinTech Startup of the Year 2016”, 2Gears S.A. is the creator of pioneering Investment Fund Oversight platform, Governance.io. This powerful Governance, Risk and Compliance solution enables professionals to transparently organise and exchange all data, documentation and controls of the investment funds they manage.
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