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COMPLIANCE.AI ANNOUNCES NEW CEO, ASIF ALAM, AS IT SECURED $6M WITH COTA CAPITAL AND JAM FINTOP

US RegTech software firm Compliance.ai has raised $6 million in funding and appointed a new CEO to replace co-founder Kayvan Alikhani.

The new funding comes from existing investor Cota Capital and new investment partner Jam Fintop.

The company provide compliance teams with an automated approach to monitoring and reacting to regulatory updates, identifying obligations and ensuring required changes are completed. Recently, the firm announced the global expansion of its platform. providing access to regulatory change management applicable in 25+ countries.

In parallel with the new investment, the company has brought in Asif Alam as CEO, replacing Kayvan Alikhani, who takes on the role of chief product/strategy officer. Most recently Alam served as the chief strategy officer of ThoughtTrace, which was acquired by Thomson Reuters earlier this year.

US RegTech software firm Compliance.ai has raised $6 million in funding and appointed a new CEO to replace co-founder Kayvan Alikhani.I wish you great success in this endeavour.

Shishir Gupta, Founder and CEO, StartupLanes

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