[Funding alert] London-based docStribute Raises £820k in Pre-Series A Round Funding

Wednesday 7, 2024 | By Startup Rise EU

London-based docStribute Raises £820k in Pre-Series A Round Funding . Angel investors in financial services took part in the round.

London-based docStribute Raises £820k in Pre-Series A Round Funding . Angel investors in financial services took part in the round.

The company plans to utilize the money to increase the capacity for development and marketing in order to improve customer integration and hasten the business's expansion.

Read also - Saleor Secures $8 Million in Seed Extension Round Funding

Under the direction of its founder, Christopher Ansara, docStribute uses Distributed Ledger Technology (DLT) to make sure that financial institutions communicate required or regulated customer communications that comply with FCA criteria.

Using "immutable-hyperlinks," their patented technique guarantees document integrity in compliance with the FCA's (Financial Conduct Authority) Durable Medium rule.

Read also - Harjumaa-based Martech company Analytical Alley Raises €700k in Funding

Strict criteria for communication are adhered to when sharing these encrypted links via email, instant messaging, or SMS. By improving participation and protecting information, this complies with the FCA's Consumer Duty legislation, which was implemented in 2023.

About docStribute

A provider of technological solutions, docStribute® specializes in reducing complicated issues to stunningly straightforward fixes. Their strategy combines a future-focused mindset with extensive industry experience and financial sector tradition to provide optimal business practices.

Read also - Cosmic Aerospace Secures $4.5 Million in a Seed Round Funding

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