Despite being as smart as they are known to be, human beings cannot keep themselves from making mistakes. This has proven time and time throughout our history, with some testimonies even going on to cause irreparable damage along the way. Now, when you are up against such a sizeable risk, anyone would naturally want to have some semblance of a defensive cover, and we’ll find the stated cover once we bring dedicated regulatory bodies into the fold. Having a well-defined authority across each and every area was a game-changer, as it instantly gave us a room for error that we never had before. Nevertheless, the utopia to emerge from it was pretty short-lived, and if we are being honest, it was all because of technology. You see, the moment technology and its layered nature took over the scene; it gave people an unprecedented shot at exploiting others’ missteps. The sheer ease of it will quickly overwhelm our governing forces, therefore sending us back to square one. Fortunately, this time we’ll get on the recovery curve much sooner, and we’ll do so by reinventing the way we use technology. Instead of fighting it, the world, and more particularly, the regulatory industry will start using technology’s capability to complement their operations, thus positioning themselves to take back the driving seat. From what we have seen so far, they are succeeding, and one recent funding should only help their cause moving forward.
Finalis, the fastest-growing technology platform for dealmakers, has successfully secured a sum of $10.7 million in seed financing. The round, which saw close participation from the likes of Animo Ventures, Chaac Ventures, Ulu Ventures, Tribe Capital, The Fund, and more, is expected to fund the company’s bid of scaling up its dealmaking technology platform, pursuing overseas expansion, and achieving overall market growth. Founded in 2020, Finalis has helped private dealmakers with executing deals in a compliant manner. As for how the company manages the said objective, it has built a Finals Hub, which is the first fully-integrated private securities brokerage technology platform that already manages more than a billion deals with over 700 active mandates in the market, while also supporting 150 investment banks and placement agencies across the United States.
“Dealmakers across the globe are increasingly searching for a turnkey solution that can enable them to collaborate and execute deals as quickly and efficiently as possible while ensuring top-notch compliance standards along the way,” said Billy Birdzell, Founder and Managing Director of Horatius Group, a dealmaker leveraging the Finalis platform. “With Finalis, dealmakers can rely on a seamless dealmaking solution, enabling us as a business to focus on growing revenues and unlock better outcomes for our clients.”
At the moment, Finalis brings forth a fully-integrated regulatory affiliation and compliance solution that supports a range of private market dealmaking, including M&A, capital raising, private placements, direct participation programs, fintech marketplaces, and alternative investment sponsors.