Regtech

Irish tech firm wins $50m Silicon Valley funding for takeover

MyComplianceOffice’s debt financing deal will part-fund the acquisition of rival US firm Schwab Compliance Technologies to double its client base

Brian Fahey, founder, MyComplianceOffice: ‘Schwab Compliance Technologies has always been a target of mine’

Irish regtech company MyComplianceOffice has secured $50 million (€48.2 million) in debt financing from a Silicon Valley investment firm to part-fund a recent acquisition.

The funding deal extends the partnership MCO has with Accel-KKR Credit Partners, which last year provided it with €10 million in financing. Accel-KKR Credit Partners has to date deployed over $750 million across more than 50 investments.

MCO, which claims to be the state’s largest Irish-owned regulatory tech (regtech) company, announced ...