Banks and insurance companies are required to comply with a host of complex regulations. London-based Complinet summarises and publishes these and provides software to help clients implement the regulations. Its customers include Barclays and Prudential. The business was founded in 1997 by Chris Pilling and has received £4.5m in funding, largely from business angels. Its sales have grown 182% a year from £313,000 in 2000 to £2.5m in 2002. Though the company made a loss in 2002, it expects to break even in 2004.
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