LONDON--(BUSINESS WIRE)--

CIBC Innovation Banking announced today that it has provided growth financing for REG Technologies, a leading provider of compliance and regulatory risk software for the insurance and financial services sector. This follows a recent majority investment in REG Technologies by Accel-KKR, a global tech-focused private equity firm. The company will use the financing to accelerate product innovation, build on its commercial capabilities, and expand into new international markets.

“This funding from CIBC Innovation Banking reflects the momentum we are building as a company,” said Stephen Line, CEO, REG Technologies. “Their support enables us to accelerate innovation, deepen our capabilities for customers, and expand into new and adjacent markets while maintaining the disciplined growth strategy that underpins our long-term vision.”

“REG Technologies is at the forefront of regulatory technology, providing essential tools that help insurance and financial services companies manage increasing complexity and risk,” said Tom Dods, Executive Director, at CIBC Innovation Banking. “We are excited to support REG Technologies as they advance their product roadmap and pursue expansion plans.”

About CIBC Innovation Banking

CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. Innovationbanking.cibc.com

About REG Technologies

REG Technologies is a compliance and regulatory risk software provider serving the insurance and financial services industry. The company’s platform enables organisations to identify and verify counterparties, streamline onboarding and due-diligence workflows, and maintain ongoing compliance monitoring throughout the business relationship. REG Technologies supports brokers, Managing General Agents, carriers, insurance and financial services networks in meeting regulatory requirements and reducing operational and counterparty risk. Founded in 2013, the company is headquartered in London.

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Source: CIBC Innovation Banking