Eleven-year-old regulation technology company LAB Group has taken on its first external funding, in a round led by Rich Lister Frank Costa’s family office, as it looks to expand internationally.
The company, which has created digital identification and “client onboarding” technology for the financial services sector, already counts 91 major wealth managers, superannuation funds and banks as clients, including the likes of HostPlus and Canaccord.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
