Blockchain Firm Gecko Governance Raises $1M USD From Cosimo Venturesbr>
RegTech blockchain firm Gecko Governance has raised $1 million in seed investment financing from Cosimo Ventures.
Gecko Governance is a RegTech blockchain solution that allows fund managers and banks to monitor and manage their regulation and compliance requirements. It enables fund managers and banks to schedule all their end-to-end compliance and regulatory tasks and provides a verifiable independent audit trail of compliance to satisfy global financial regulators. The company is headquartered in Dundalk, Ireland and has offices in New York and Sydney, Australia.
Gecko Governance said it will use the funding to add staff in all of its offices as it expands technology development and client services.
“This investment will help to accelerate the global expansion of Gecko Governance as it pioneers a new market for RegTech in financial services through its blockchain solution,” said Ciaran Hynes, Managing Partner at Cosimo. “We are pleased to support this innovative team as part of our investment strategy to build and grow new deep technology companies that offer unique solutions for commercial markets.”
“Our blockchain solution is agile and fully customizable, allowing us to integrate with each financial services firm’s systems and set of best practices,” said Shane Brett, Chief Executive Officer and co-Founder of GECKO. “Blockchain is the future for regulatory and compliance in financial services, and we are pleased to have Cosimo Ventures’ support as we expand to meet growing demand in this sector.”