Thentia, a provider of regulatory, compliance & governance software, has entered into a venture debt funding partnership with Espresso Capital.
The funding will help fuel Thentia’s presence in the regulation software segment, and will support further growth in markets across Canada, the United States and the United Kingdom.
“This partnership will allow Thentia to expand its suite of enterprise technology solutions for regulation and compliance needs,” said Julian Cardarelli, CEO of Thentia. “We are pleased to be working with Espresso Capital, which has a longstanding history of supporting innovative technology companies.”
Based in Toronto, Canada, with offices in the United States and the United Kingdom, the RegTech’s database technology was created specifically for regulatory bodies, licensing boards and private businesses. It aims to enable them to streamline their operations in regulation, compliance and governance.
Thentia’s flagship solution, Open Regulate was developed with input from regulatory clients around the world. Its turn-key regulatory database solution powers a comprehensive suite of user application modules and portals according to the company.
It is used to support all critical regulatory standards and workflows, including: registration & renewals management, inquiries, complaints and discipline, quality assurance & education, reporting, invoicing & payment processing, communication management, events and third-party integrations, among others.
Thentia also provides Wired Assent, which is designed specifically for private industry compliance, and Smart Govern platform, a cloud-based solution designed for board of directors, committees, executive teams and stakeholders.
“This partnership speaks volumes about Thentia’s leadership role in the industries it serves,” added Cardarelli. “The funding will measurably benefit existing customers through improvements in services and offerings, as well as enable Thentia’s growth in to new jurisdictions worldwide.”
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