Elevator Ventures & UNIQA Ventures invest in kompany

Vienna (ots) - RBI corporate venture capital entity, Elevator Ventures, and
UNIQA Ventures invest in the leading RegTech platform for Global Business
Verification and Business Know-Your-Customer

UNIQA Ventures and Elevator Ventures Beteiligungs GmbH ("Elevator Ventures"), a
100 percent subsidiary of Raiffeisen Bank International have invested in
kompany®, the leading RegTech platform for Global Business Verification and
Business KYC, while previous investors, including the European Super Angels Club
(ESAC), have increased their stakes.

"We have followed kompany's success story for quite some time - we at UNIQA
Ventures are convinced that now is the right time for outstanding RegTech
startups to benefit from the digitalization of heavily regulated industries like
banking and insurance." says Andreas Nemeth, CEO of UNIQA Ventures.

RBI is investing in kompany via its corporate venture capital unit Elevator
Ventures. kompany is an alumnus of the Elevator Lab Program and became a group
solution provider to RBI last year. Hannes Cizek, Managing Director of Elevator
Ventures and Head of Group Strategy & Innovation of RBI explains, "Solving
regulatory and compliance issues efficiently is a high priority and an important
part of our corporate policy. In this spirit, kompany offers an essential
addition that both improves and simplifiesRBI's current compliance process."

Next Generation Business KYC

kompany combines Artificial Intelligence (AI), robotic process automation (RPA)
and blockchain technology to deliver next generation Business KYC solutions. The
service simplifies and audit-proofs business verification and client onboarding
for financial institutions, insurance companies, corporations and FinTechs. The
direct benefit for clients is significantly reduced onboarding time and
compliance costs, leading to an overall competitive advantage.

kompany operates the largest proprietary corporate register network in the world
with real-time access to primary source and audit-proof commercial register
information covering more than 110 million companies in more than 200 countries
and jurisdictions. This allows kompany to integrate audit-proof data natively
into the products. kompany is consistently rated among the top five of the
Global RegTech Top 100 in the fast-growing Business Verification market
estimated to reach $11.8 billion by 2022.

"More than 18 months of intense product collaboration with RBI as a customer,
resulted in extensive market insight and live market adaptation, helping to
position us as an internationally recognized RegTech company. We welcome having
both RBI and UNIQA join us as shareholders ahead of our upcoming growth funding
round, which will enable us to strengthen our AI capabilities and blockchain
based services," says Russell E. Perry, CEO of kompany.

Early Access to the latest Regulatory Technology for RBI

kompany was one of the first participants in the Elevator Lab Program 2017/18,
RBI's Fintech Partnership Program. The program helps scale-ups to collaborate
with leading bank experts across RBI Group and resulted in a multi-year
commercial agreement for kompany in 2018.

"We have seen the progress that kompany has made close-up after an intensive
year of cooperation. This new investment recognizes the progress the team has
made as well as the growth opportunities on the horizon. We are looking forward
to reaching the next milestone together," said Hannes Cizek.

About kompany

kompany is the leading RegTech platform for Global Business Verification and
Business KYC providing audit-proof, primary source and time stamped company
information in real-time. It is headquartered in Vienna, Austria and has offices
in Singapore and the UK. Since our founding in 2012, kompany has attracted a
unique pool of top developers, regulatory experts, and product managers from
around the world. It is a government licensed clearing house and official
distributor for commercial and business registers in multiple countries
worldwide. www.kompany.com

About UNIQA Ventures

UNIQA Ventures is the Corporate Venture Capital entity of UNIQA Insurance Group.
Located in the heart of Vienna, the company invested in 12 startups since 2016
and achieved one successful exit. With a focus on early growth stage and Series
A rounds, the team of UNIQA Ventures invests in ecosystems that are
strategically relevant for UNIQA: FinTech, HealthTech, Mobility and Smart Home.
To provide the most possible value for the portfolio, UNIQA Ventures is
structured as a financially motivated investment arm that can open up
cooperation within the insurance space and leverage the founders' vision
withindustry knowledge and a profound network in the CEE region.
www.uniqaventures.com

About Elevator Ventures

Elevator Ventures is the corporate venture capital unit of Raiffeisen Bank
International (RBI). It focuses on strategic direct investments in later-stage
FinTech and RegTech companies, co-investments with other investors, and
investments in venture capital funds. Elevator Ventures' objective is to finance
strategic partnerships with promising later stage FinTechs which could be a
valuable addition to RBI's current portfolio. With more than 30 years of
expertise in Central and Eastern Europe (CEE) and an expansive network there,
RBI plays an active role in the expansion of FinTechs in this dynamic region.
www.elevator-ventures.com

Kontakt:
Nick Stein
Managing Director
0043 720 882 960
nick.stein@kompany.com

Original-Content von: 360kompany AG, übermittelt durch news aktuell