Copla, a European regtech company developing real-time
compliance infrastructure for regulated financial services, has raised €6
million in a Series A funding round led by Baltic DeepTech & AI VC Iron Wolf Capital. US-based Operator Stack
also participated, alongside existing investors including Specialist VC,
SuperHero Capital, FirstPick, NGL Ventures, Loggerhead Partners, and a group of
angel investors.
The announcement comes as regulatory requirements for
financial institutions in Europe continue to evolve. The Digital Operational
Resilience Act (DORA) is now in force, key obligations under the EU AI Act are
scheduled to take effect in August 2026, and the Cyber Resilience Act will
apply from December 2027.
At the same time, AI-related risks, including automated
fraud and increasingly sophisticated social engineering attacks, are placing
additional pressure on organisations to strengthen operational resilience,
creating challenges for traditional compliance approaches.
These changes present particular difficulties for fintechs
and other regulated third-party providers that are scaling their businesses
while building governance and risk functions with limited resources.
According to the European Union Agency for Cybersecurity
(ENISA), ransomware attacks in the European financial sector have
disproportionately affected smaller and less-established service providers,
accounting for 29 per cent of incidents, with data exposure and sale identified
as common outcomes. For regulated financial services providers, gaps in
cybersecurity and compliance can result in penalties, reputational damage, or,
in severe cases, loss of licences.
Copla’s Information and Communication Technology (ICT)
compliance platform is designed to help organisations interpret and implement
regulatory frameworks such as DORA, the EU AI Act, and the Cyber Resilience
Act. The platform converts regulatory requirements into guided workflows,
tracks compliance activities on an ongoing basis, and stores supporting
evidence to help organisations prepare for audits and manage operational risk
while reducing manual processes.
Regulation is getting sharper, but most compliance is
still stuck in spreadsheets. We built Copla so compliance stays current by
default, and so companies can grow with confidence instead of audit anxiety.
This round gives us the momentum to make Copla the default compliance execution
layer for regulated finance in Europe and beyond,
said Aurimas Bakas, Co-founder and CEO of Copla.
Instead of relying on static spreadsheets, the system
maintains updated records of assets, vendors, risks, and controls in real time
as regulations and business needs change. The company also provides additional
support through in-house and fractional CISO expertise, along with a network of
partners across Europe, to assist with audits, risk assessments, and regulatory
processes.
Founded in 2023, Copla was established by Aurimas Bakas
(CEO), Andrius Minkevičius (CTO), who previously co-founded the core banking
platform Paysolut, acquired by SumUp in 2021, and Nojus Bendoraitis (Chief
Legal Officer), bringing experience across fintech, regulatory compliance, and
cybersecurity.
The new
funding will support product development, team expansion, and international
growth beyond the EU. It will also be used to expand product capabilities,
including the rollout of Copla Bridge, a platform layer designed to help
partners, consultants, and multi-entity organisations manage compliance across
multiple companies from a unified view.
Image: Photoby Judita Grigelytė (“Verslo žinios”)