Compliance startup Falco wins South East Angels’ Kent roadshow

Founders and investors in the Kent startup ecosystem came together last month for the latest startup roadshow from South East Angels, an investor network based in Brighton.

Five early-stage startups across a variety of industries pitched their ventures to potential investors – but it was Falco that triumphed on the day.

Falco aims to revolutionise compliance in the financial services industry by developing intelligent, autonomous digital co-workers that integrate seamlessly with compliance teams.

Studies have found that 60 per cent of compliance professionals in the financial services industry are burnt out and leaving their roles due to the immense pressures of regulatory change, substantial fines and a lack of resources and tools to operate efficiently.

In response, Falco is building up the capabilities of its compliance agent, AskFalco, to align with the full range of tasks handled by a compliance officer – everything from monitoring and analysing regulatory changes, to responding to queries from business units, updating policies and procedures, managing reporting and developing training materials.

This helps to boost productivity, reduce errors and keep ahead of regulatory changes.

Peter Galea, co-founder and CEO of Falco, said: “It was fantastic to attend a local event and to have the opportunity to showcase how we’re building a game-changing solution for the compliance space.

“Winning the pitch competition was a huge validation of our mission to alleviate the immense pressures compliance teams face today.

“We’re excited about the journey ahead and the impact Falco will have on the industry.”

Other stops on this year’s roadshow include Brighton, Southampton, Tunbridge Wells, Guildford and London.

Jake Fox of South East Angels added: “These events exist to highlight talented local founders building impressive, scalable businesses.

“Falco was chosen as the winner because Pete clearly presented how much he knew compliance teams’ pain points and how using the latest in AI technology could alleviate their struggles.”