The Business Spotlight: The section where we look at the companies active in the sectors we cover, tell their stories and introduce their solutions to show you what they’ve got and who they are. Today with…
- What can you tell us about your company and your products & services?
At Apiax, we combine exceptional legal and compliance expertise with outstanding technological capabilities. Together, we build a lean yet comprehensive RegTech solution that makes it radically simple for companies to comply with regulations.
We are pioneers in turning written regulations into digital compliance rules and deliver a product that is perfectly suited for the open banking- and API-economy. Today, we are a team of more than 30 experienced professionals with offices in Zurich, London, and Lisbon.
We provide our clients with Regulatory-as-a-Service and Software-as-a-Service solutions. With our Regulatory-as-a-Service solution, our clients benefit from a repository of up-to-date and verified digital compliance rules that they can start using at the click of a button. Subscribing to our Software-as-a-Service offering allows our clients to digitalise their own expertise and to get full access and control over rules in action.
We work with industry-leading partners such as EY, aosphere and BDO. It is their regulatory expertise that enables us to provide our customers with a comprehensive and reliable RegTech solution.
- How came you up with the idea and what drives you?
Coming from backgrounds in technology, product, and compliance, Apiax’ founders have witnessed the effects of increasing regulatory complexity first hand – and from different angles. They found a common passion in overcoming regulatory challenges through innovative technology, re-writing the rules of how compliance information is shared and processed within organisations.
Our drive is to empower organizations to bridge the gap between compliance, business and technology. We want to enable companies to apply their compliance knowledge exactly where they need it, whether in their daily interaction with customers or by implementing it in business-critical applications.
Our intention is to enable our clients to focus on growth. We want to empower companies of all sizes and across many industries to focus on their core business despite regulatory headwinds. Finally, they can concentrate on business development and the creation of great customer experiences again.
- What is it that makes your company different from others?
At Apiax, we follow a horizontal and modular approach to regulatory technology. Our vision is to become the one hub for digital regulations for our clients. What makes us different is that we do not focus on individual use cases, but rather provide our clients with the tools to cover different use cases with a single, trusted technology stack. We want to empower our clients to explore the benefits of RegTech in their most pressing use cases and later to expand to more areas with a set of tools they already know and love.
At Apiax, there are no black boxes. We deliver digital compliance rules that are easy to read, understand and change for everyone. Naturally, all changes to rules are tracked, providing our clients with a powerful audit trail functionality.
We want to make it radically simple to comply with regulations. We are building a solution that solves real business challenges and is exceptionally easy to use for everyone. Our goal is to replace complexity with simplicity, and we differ from our competitors in that we always give preference to simple, but powerful solutions.
- Where are you based?
We’re headquartered in Zurich, with offices in Lisbon and London. We will open an office in Singapore in 2020.
- When was the company launched?
- What traction have you made? Can you tell us about your biggest achievements so far?
- Winner: Swiss FinTech Awards 2019
- Winner: FinTech Junction Startup Competition Europe 2019
- Series A funding round closed
- UK Expansion 2019
- FinTech 50 Hot Ten 2019
- Top 100 Swiss Startups
- Mentioned by Bloomberg
- Mentioned by Business Insider
- Signed partners: aosphere, EY
- Winner: Temenos Innovation Jam 2018
- Winner: Luxembourg FinTech Awards 2018
- What can you tell us about your team?
We are a team of more than 30 experienced professionals with offices in Zurich, London and Lisbon. We employ people with a wide network and complementary skills in product, technology, legal & compliance, marketing and sales. The wealth of experience that our team brings along is exceptional for startups and enables us to develop real value-added products for our customers.
- What’s next for your company?
Our next key objectives are to accelerate our global growth plans, strengthen product development and continue to build a strong interdisciplinary team across all locations. This includes expanding to Singapore in 2020, investing heavily in our product pipeline, as well as an ambitious hiring plan for the coming year. Also, while we currently still concentrate on financial services, we aim to provide companies in all major industries with our products in the future.
- How do potential customers and investors get in touch with you?