ScaleUp Group Signs New Client, eflow Global

We are delighted to announce that eflow Global appointed ScaleUp Group as advisor on a Series A raise, to help achieve its expansion plans.

Specialist in regulatory compliance solutions for the financial industry, eflow is seeking £5 million in growth funding to accelerate its growth through key hires and further product development.

eflow provides award-winning compliance solutions for buy-side and sell-side financial firms which cover market abuse, best execution, transaction cost analysis, and reporting. The long-established family-run software company, which has transformed itself into a SaaS business is growing 50% per annum, boasting 120 clients including Aegon, Brewin Dolphin, and Plus500.

CEO Ben Parker said: “Being an established business with a strong operational model and a long-established client base, we were able to take our time to formulate our accelerated growth plans as well as choose the appropriate advisors. Having met and spoken with a number of advisors, we felt that John and Scaleup were most closely aligned to those plans, giving us the confidence that our outlined funding strategy could be executed by them.”

John O’Connell, Executive Chairman of ScaleUp Group said: “We are delighted to have been asked by the Parker family to help them on their next expansion phase – which up to now has been self-funded. Like most entrepreneurs, they are in a hurry to exploit their competitive advantages having proven themselves in a demanding highly regulated sector. We look forward to a Close by the spring of next year.”

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