Relace raises $1.6M in pre-seed funding led by Boost Capital to automate compliance for financial institutions using AI.
Amount Raised
$1.6 Million
Round Type
Pre-Seed
Greater LondonFinancial ServicesSoftwareArtificial IntelligenceFintechInvestors
Description
Relace, a London-based fintech startup founded in early 2026, has secured $1.6 million in pre-seed funding to help financial institutions automate compliance using artificial intelligence. The round was led by Boost Capital and included backing from Ascension, Koro Capital, and angel investors from JPMorgan, Barclays, Morgan Stanley, OpenAI, and SAP. The company addresses a critical gap in the financial services sector where manual compliance processes rely on spreadsheets and external counsel. Relace aims to streamline regulatory navigation as global compliance requirements continue to expand across AI governance, cybersecurity, and cross-border frameworks.
Quick answer
Relace raised $1.6 Million in a Pre-Seed round, dated October 15, 2026. Investors: Barclays, Morgan Stanley, OpenAI, JPMorgan, Koro Capital, Ascension, Sap and Boost Capital. Relace is based in Greater London, England, United Kingdom.
- How much did Relace raise?
- Relace raised $1.6 Million in a Pre-Seed round on October 15, 2026.
- Who invested in Relace?
- Barclays, Morgan Stanley, OpenAI, JPMorgan, Koro Capital, Ascension, Sap and Boost Capital are named as investors in this round.
- What does Relace do?
- Relace is a London-based fintech startup that uses artificial intelligence to automate compliance for financial institutions.
- Where is Relace based and how big is it?
- Relace is based in Greater London, England, United Kingdom.
Source: Fundz verified event record.
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