Collaboration platform Clausematch, which already serves banks including Barclays, has grabbed $5m from big-name investors

A London-based startup which helps companies comply with mounting regulation has grabbed $5m (£3.6m) of funding from a cohort of big-name investors.

Clausematch operates as a collaboration platform in the regulatory technology or “regtech” space, allowing professionals from a firm’s compliance, legal, finance, operations and risk departments to collectively create and edit documents.

The business, which already serves names such as Barclays and Italian bank Intesa Sanpaolo, also uses machine learning – a subset of artificial intelligence – to help automate and standardise the filling-out of documents.

Read more here.

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