Kore Labs

Kore Labs is a United Kingdom-based startup, founded in 2019, that specializes in providing digital tools for creating, managing, and monitoring financial products in a controlled environment. Their slogan, "Digital tools for creating, managing and monitoring financial products in a controlled environment," succinctly captures their core offering. One of their key innovations is the introduction of a cloud-enabled, SaaS solution for digital product governance in the financial services industry, which they refer to as the first-ever PRM (Product Relationship Management) application. Kore's turn-key digital service offers a range of capabilities, including the aggregation, organization, visualization, and analysis of product data throughout the entire product lifecycle. This allows for a complete digital audit trail of events and decisions related to financial products, facilitating regulatory compliance and corporate memory building. Notably, their solution accommodates all regulated financial product types, spanning investments, savings, lending, payments, and insurance, catering to both small businesses and large enterprises. An important aspect of Kore's offering is its fully configurable and modular nature, acting as a digital layer above legacy systems. This enables staggered implementation without the need for extensive data migration or heavy systems integration, providing a more cost-effective and controlled approach to cross-product management. In January 2024, Kore Labs secured a significant investment of £3.30M in a Seed Round, signaling confidence in the potential of their solution. This investment will likely fuel their efforts in delivering true product governance oversight, controlled cross-product management, and intuitive, consistent product information for the front-line. While the specific investors behind this round are not disclosed, it represents a significant milestone in the startup's growth trajectory within the finance, financial services, fintech, information technology, and SaaS industries.