LAB Group secures AU$6.5 million in growth capital, to scale and accelerate their growth strategy
Henslow is pleased to have acted as corporate advisor to LAB Group on their recent AU$6.5 million debt facility from Global Credit Investments (GCI). The GCI facility underlines the strong market position and unique capabilities that LAB Group has developed through 10+ years of evolution and innovation. LAB Group will use the funds to further strengthen their team to accelerate their growth strategy.
LAB Group is a RegTech providing an innovative KYC & Onboarding platform that revolutionises the customer journey from the very first steps, fulfilling AML/CTF regulatory needs whilst saving time and resources by providing a high degree of automation for account creation and customer lifecycle management using remediation and ongoing customer due diligence processes.
The incoming investor, Global Credit Investments (GCI), is a leading provider of specialist private credit and tailor-made financial products. Founded in Sydney in 2015, GCI has raised and deployed c.AU$1 billion to date and specialises in empowering outstanding entrepreneurs and management teams looking to transform and scale their high growth businesses.
This is the first transaction Henslow has conducted for LAB Group and we look forward to continuing to support them as they become a global leader in the RegTech industry.
You can read further about this deal in the AFR: https://www.afr.com/technology/the-tech-deals-you-need-to-know-20230614-p5dgkc?utm_source=newsletter.letterofintent.com.au&utm_medium=newsletter&utm_campaign=oval-office-meeting
