Tallinn-based regtech Instarc has raised €1.25 million in a strategic investment led by HFO Investments, with Athena Capital and Option 3 Capital advising. The company develops a cloud-native compliance platform for regulated financial institutions, initially targeting South Africa’s FICA requirements.
The funds will accelerate commercial rollout among financial and other accountable organisations in South Africa. Instarc’s platform integrates digital onboarding, identity verification, due diligence, and regulatory reporting into existing systems, with plans to adapt to other markets.