Apiax obtains funding support from Singapore

Founded in 2017, Apiax built an award-winning technology that provides easy access to compliance knowledge. Its platform transforms complex regulations into easy-to-use digital compliance rules. This enables companies in an increasingly regulated economy to stay focused on their core business objectives: delivering high value and unique experiences to their customers. The company has offices in Zurich, Lisbon and London.

Apiax has recently obtained the MAS FSTI Proof-of-Concept Grant, which provides funding support for experimentation, development and dissemination of nascent innovative technologies in the financial services sector. Eligible for the grant are financial institutions that are licensed, regulated, supervised or registered by MAS or technology or solution providers that are licensed, regulated, supervised or registered by MAS sponsoring the project. Selected companies receive up to 70 per cent of qualifying costs capped at $200,000 over 18 months.

Philip Schoch, co-founder of Apiax, said: “We are proud to be granted funding support from such an important organisation as the Monetary Authority of Singapore. Our hard work and dedication to pushing the boundaries of technology in compliance is getting recognised, and this FSTI PoC grant allows us to take our product development even further.”

(Press release/RAN)