The Bank of Ireland Kernel Capital Growth Fund has sold an 80% stake in Corlytics to Norwegian private equity firm Verdane, facilitating significant growth opportunities for the RegTech leader.

Target Information: Corlytics

Corlytics is a renowned company within the RegTech industry, specializing in regulatory technology solutions. Since its inception, it has attracted significant clientele, including major financial institutions such as ING, BNY Mellon, and ScotiaBank—demonstrating its leading position in the market. The firm has experienced substantial growth since its initial funding, positioning itself as a crucial player in helping organizations navigate the complex regulatory landscape.

Founded in 2014, Corlytics has benefitted from strategic investments, particularly from the Bank of Ireland Kernel Capital Growth Fund. The firm's focus on innovation and operational excellence has enabled it to become a consolidator in the regulatory technology sector, paving the way for further expansion and collaboration in the financial services arena.

Industry Overview in Ireland

The financial technology industry in Ireland has seen remarkable growth in recent years, fueled by the country's favorable business environment and skilled workforce. As a hub for fintech, Ireland benefits