Alstin Capital and Hannover Digital Investments back Munich-based RegTech pioneer.
Alyne founding Team (Matthias Danner, Stefan Sulistyo, Karl Viertel and Manuel Reil)
Alyne, the award winning RegTech pioneer has raised 3 million EUR from two existing investors; Alstin Capital as Lead Investor and Hannover Digital Investments GmbH. The investments bring Alyne’s total funding, since launching its next generation RegTech in early 2016, to a total of 4,2 million EUR which will be used to scale Alyne’s operations and expand its customer base in line with its high growth potential.
Alyne is a pioneer in the emerging RegTech industry, offering a next generation Governance Risk Compliance (GRC) platform that revolutionises the way organisations mature their cyber security, data privacy, risk management, and compliance capabilities. Alyne’s curated and customisable compliance content library, data rich analytics and reporting and their user-friendly platform helps companies navigate complex and ever-evolving regulatory environments, while keeping costs low.
Alyne’s new investors reflect a wider trend of increasing interest in RegTech, with the industry already attracting over US$5B in funding [CB Insights: Regtech Startups On Pace For Record Deals, Against Backdrop Of Shifting Regulatory Landscape]. The global opportunity for RegTech is currently estimated to grow to over US$100B by 2020 [Let’s Talk Payments: International RegTech Companies Defining the $100-Billion-Dollar Industry].
Commenting on the investment, Carsten Maschmeyer, Managing Partner of Alstin Capital, said “This investment gives us access to a huge RegTech opportunity with the leading player in the game. Alyne’s innovative technology and unique model represents the first scalable digital solution in a sector that is extremely ripe for disruption.
“In addition to capital, we will provide Alyne with support in sales, marketing, and strategy to take their business to the next level”.
Karl Viertel, CEO at Alyne said “These investments will help us to meet the phenomenal demand for our products in the market. Having investors of this stature on board gives us access to a wealth of expertise strategy, operations and innovation that will prove invaluable as Alyne enters the next stage of growth”.
Alyne is an award winning pioneer in the emerging RegTech sector. Alyne’s next generation Software as a Service product offers customers instant access to a curated and fully customisable content library, data rich analysis and reporting in a responsive and user friendly interface. This digital solution revolutionises the way organisations mature their cyber security, data privacy, risk management and compliance capabilities.
Alyne was founded by Karl Viertel, Stefan Sulistyo, Manuel Reil, and Matthias Danner in 2015. Alyne is headquartered in Munich with additional operations in London and Melbourne.
Photocredit: Michael Kayser