Regfyl offers an API‑first compliance operating system that unifies customer onboarding, continuous risk monitoring, and regulatory reporting for financial institutions in Africa. The platform automates PEP and high‑risk entity detection, provides real‑time audit‑ready analytics, and meets ISO 27001 and NDPR security standards, helping compliance teams reduce costs and accelerate audit cycles.
Funding
$1.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions in Africa face fragmented compliance processes, requiring multiple tools for customer onboarding, ongoing monitoring, and regulatory reporting, which leads to inefficiencies, high costs, and difficulty meeting evolving AML/CFT regulations.
Solution
Regfyl provides a unified compliance operating system that consolidates onboarding, risk monitoring, and regulatory reporting into a single platform. The solution leverages APIs to integrate with existing banking systems, automates the identification of politically exposed persons (PEPs) and other high‑risk entities, and delivers real‑time analytics to streamline audit preparation. Built with ISO 27001 and NDPR compliance, the platform ensures data security while offering usage‑based pricing and local‑currency payments to reduce financial volatility for clients. By centralizing compliance workflows, Regfyl enables institutions to achieve faster audit cycles, lower operational costs, and improved regulatory adherence.
Target Audience
Regfyl targets compliance teams within financial services firms operating in Africa, including banks, fintechs, and payment service providers that need a consolidated solution for AML/CFT obligations.
Features
- End‑to‑end compliance workflow covering customer onboarding, continuous risk monitoring, and automated regulatory reporting
- API‑first architecture for seamless integration with core banking and third‑party systems
- Advanced PEP and high‑risk entity detection engine reporting a 5× increase in identified PEPs
- Real‑time analytics dashboard with audit‑ready reports and customizable compliance metrics
- ISO 27001 and NDPR certified security framework with 24/7 monitoring and strict access controls
- Usage‑based pricing model with no setup fees and optional annual subscription, payable in local currency