DRW, Goldman, Wells Fargo back swaps regtech firm

Droit gets $16m capital boost to support growth of cross-border compliance service

Post-crisis reforms have made cross-border trading more complex

A diverse group of investors, including principal trading firm DRW, Goldman Sachs and Wells Fargo, have sunk $16 million into swaps regulation technology startup, Droit Financial Technology. The firm aims to help users navigate the increasingly complex world of cross-border swaps trading by automating the series of checks market participants need to complete before they are able to trade with each other.

"Our strategic investors all see Droit as a fundamental part of their infrastructure