£500k
Grant Won.
Funder
Innovate UK Smart Grant.
Built
FinTech Platform.
How Kore Labs is navigating a phase of rapid growth
Kore Labs is in a (rapid) scale-up phase with a multi-faceted funding strategy including private equity, innovation grants, innovation loans and re-investment of revenues. The pieces of the funding jigsaw need to fit together even as the overall picture flexes. Non-dilutive funding is crucial in de-risking highly innovative projects and retaining equity with the founders.
About Kore Labs
Kore is an award-winning RegTech. Their mission is to digitise financial product management, reduce regulatory risks, costs and time to market for financial products.
Together We Solve
On its journey to becoming a “unicorn” company, Kore Labs has identified a critical element of the financial service ecosystem that is lacking – a unified and globally accepted taxonomy. The advent of AI and ML unlocks the potential to develop technology that empowers actors in the sector to address this challenge collaboratively. Grant funding is the ideal option to accelerate this project and Venturenomix aims to help Kore Labs attain it.
Successful Outcomes
Venturenomix worked with the team at Kore Labs to identify suitable R&D grant funding options and develop winning applications. The Smart Grant from Innovate UK won in the summer of 2023, unlocks £500k in funding for the development of WikiKore, which will have a step-change impact on both Kore Labs and the Financial Services Industry.
Sabrina Del Prete
Founder & CEO // Kore Labs
