i-Hub Raises $51M Investment for European KYC Repository Growth

i-Hub, the operator of the first centralized Know Your Customer (KYC) repository for Ongoing Due Diligence in Europe, has announced it has successfully raised $51,000,000 in a recent funding round. This significant capital injection underscores investor confidence in the company's innovative approach to compliance and its critical role within the European financial sector. Established in December 2019, i-Hub was founded with the aim of streamlining the complex process of KYC updates and reviews for professionals subject to Anti-Money Laundering (AML) laws. Through its proprietary KYC Partner solution, i-Hub integrates technology, compliance expertise, and human oversight to provide a centralized and efficient service. The company operates as a regulated financial services professional, holding a ‘Support PFS’ license granted by Luxembourg’s Ministry of Finance, and is a subsidiary of POST Luxembourg and BGL BNP Paribas. The substantial funding round is poised to bolster i-Hub's strategic objectives. The capital will primarily be deployed to accelerate the company’s ongoing technological development and enhance its operational infrastructure. Furthermore, i-Hub plans to use the funds to expand its market reach and support its growth initiatives within the evolving European regulatory landscape. This investment is crucial as the demand for robust and efficient compliance solutions continues to grow. Looking ahead, i-Hub aims to solidify its position as a key enabler for financial institutions and other regulated entities navigating the intricacies of AML and KYC compliance. The company is focused on scaling its services and enhancing its offerings to meet the increasing needs of its clients across Europe, fostering a more secure and compliant financial ecosystem.