Founded in 2011, the 2Gears startup launched Governance.io in 2015, a platform for the management of governance and the regulatory oversight of investment funds. The product has met with success once again, since the ABN Amro bank in Luxembourg has just adopted it to manage in particular its alternative funds segment.
This is significant recognition for the company, which had already won the fintech startup company of the year award in June 2016 at the first Fintech Awards organised in Luxembourg by the firm KPMG.
2 million euro raised at the end of 2016
2Gears, which has two headquarters – one in Luxembourg and another in Delft, in the suburbs of The Hague – already has around twenty employees in Luxembourg and has set its sights on international development with an all-encompassing solution, developed by professionals for professionals. The United Kingdom, Ireland, Germany and France are the main target markets, but requests are also coming in from the United States, Hong Kong and Singapore.
One of the two founders of 2Gears, Bert Boerman (the other being his twin brother, Robert), has 15 years’ experience in the banking and finance sector. He has notably been senior vice-president at… ABN Amro, where his responsibilities included the depository activities of investment funds and independent asset managers.
At the end of 2016, 2Gears raised capital of 2 million euro via the European InnovFin debt financing tool.