AsiaVerify, a RegTech intelligence platform focused on Asian corporate verification, has secured a growth capital investment from Foresight Group to support expansion and product development.
Following the investment, AsiaVerify plans to hire across sales, marketing and customer success, building on strong growth achieved with limited commercial resources to date. Continued investment in product development will also support customers seeking to identify and onboard new suppliers.
The platform is used by global organisations carrying out regulatory compliance checks and risk assessments on Asian entities, providing access to data on more than 447 million companies across 14 Asian jurisdictions through a single interface.
AsiaVerify sources official data to deliver insights including ownership structures, risk indicators and compliance status. As regulatory scrutiny intensifies around transparency, sanctions and ongoing monitoring, the need for accurate and timely business verification data in Asia continues to grow, exposing gaps in traditional data sources.
Commenting on the investment, AsiaVerify CEO Leas Bachatene said, “We are thrilled to partner with Foresight as we embark on the next phase of our journey. This investment underscores the confidence in our vision and technology, and will enable us to accelerate innovation, expand our reach, and deliver even greater value to our customers.”
Salim Chantler, senior investment manager at Foresight, added, “Regulators increasingly require more stringent business verification, which in the Asia Pacific region can be particularly difficult to complete. By providing high quality data without lengthy lead times and high costs, AsiaVerify have disrupted the existing market. Foresight’s investment is about investing in additional sales resource while continuing to improve the product functionality. We look forward to partnering with the AsiaVerify team to drive continued growth and success.”
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