MyComplianceOffice confirms €10m debt financing deal
Irish fintech company MyComplianceOffice (MCO) has confirmed it has secured close to €10 million in debt financing from Silicon Valley-based investment firm Accel-KKR Credit Partners.
The Dublin-based company provides compliance management software that enables companies to reduce their risk of misconduct. Its software platform monitors employee stock trading, manages material non-public information, analyses vendor risk, and performs other key compliance requirements.
Founded in 2005, MCO has more than 380 customers across 80 countries with clients including Piper Jaffray.
“Today, MCO is a leader in compliance software but we started from humble beginnings,” said founder and chief executive Brian Fahey. “We have been self-financed since the beginning and grew over the years by listening to our customers and building solutions that they need.”
“When we considered bringing on institutional capital to consolidate ownership amongst the lead internal shareholders, we were very selective. We wanted to work with a firm that understood entrepreneurship and particularly, software business models – and Accel-KKR was the perfect fit. We are excited about the next phase of our trajectory,” he added.
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