To grow its compliance automation services for fintech companies, Adclear, a regtech firm, has secured £510,000 in pre-seed investment from Haatch, Force Over Mass, and Founders Capital.

With an emphasis on topics like investing and cryptocurrency, the company's AI-driven platform helps fintechs comply with Financial Conduct Authority (FCA) laws. In addition to saving time and money on marketing compliance, its technology expedites the compliance review process. It also plans to expand its offerings to include more international regulatory requirements. Adclear's AI-powered technology has been embraced by fintech companies such as Plum, Creditspring, and Trade Nation.

Adclear plans to expand the workforce, strengthen its AI capabilities, and solidify the UK market with the additional capital. To establish itself as a complete solution for multinational financial brands overseeing multi-channel campaigns across many regulatory zones, the firm will also use the money to expand its compliance coverage to the US and EU regulatory frameworks.

Stricter investment regulations and the FCA's Consumer Duty were implemented in 2023 with the goal of strengthening consumer safeguards; AI-enhanced monitoring increased the examination of promotions. Businesses in the financial services industry struggle to strike a balance between expansion and compliance, which is sometimes made worse by laborious manual evaluations that impede development and put a burden on collaboration.

With real-time, customized compliance assessments that offer immediate feedback, Adclear aims to expedite these procedures. Adclear hopes to eliminate the need for disparate technologies by automating processes on a single platform, which might allow for scaled compliance. According to the business, their technology has assisted Plum in handling thousands of promotions effectively by cutting down the marketing compliance process from days to hours.