Vilnius-based Copla has secured €6 million in Series A funding as European financial institutions brace for a sweeping wave of new regulation. The round was led by Iron Wolf Capital, a DeepTech, Defence, Security, Resilience (DSR) and AI-focused investor, alongside participation from Operator Stack and existing backers including Specialist VC, SuperHero Capital, FirstPick, NGL Ventures, and Loggerhead Partners.
The capital will fund product expansion, team growth, and international scaling beyond the European Union. The new funding will strengthen commercial execution and expand product capabilities, including the launch of Copla Bridge. This additional platform layer enables consultants, partners, and multi-entity organisations to manage compliance across several companies from a unified interface.
From static checklists to continuous compliance
Europe’s regulatory landscape is tightening. The Digital Operational Resilience Act (DORA) is now mandatory, while key provisions of the EU AI Act will apply from August 2026 and the Cyber Resilience Act from December 2027. Financial institutions must navigate these frameworks while managing increasing cyber threats and operational risk.
Founded in 2023, Copla is led by Aurimas Bakas and Andrius Minkevičius, who previously built the core banking platform Paysolut before its acquisition by fintech unicorn SumUp in 2021. Chief Legal Officer Nojus Bendoraitis brings specialist expertise in compliance and cybersecurity, rounding out a team with deep operational and regulatory experience.
Copla’s Information and Communication Technology (ICT) compliance platform converts complex regulatory texts into guided, evidence-based workflows. Rather than treating compliance as a periodic reporting exercise, the system embeds requirements into daily operations. Tasks are assigned, progress tracked continuously, and supporting documentation stored automatically.
By replacing static spreadsheets and manual registers, Copla keeps records of assets, vendors, risks, and controls up to date in real time as businesses grow and rules evolve. Where automation reaches its limits, the company supplements its software with in-house and fractional CISO expertise, as well as a European partner network that supports audits, risk decisions, and regulatory interactions.
Rapid traction in a high-pressure market
Within just over a year of its seed round, Copla achieved seven-figure annual recurring revenue and signed more than 100 regulated European financial services customers. These include fintechs and licensed providers that must meet supervisory expectations while scaling lean operations.
Regulatory pressure is rising alongside increasingly sophisticated digital threats. According to the European Union Agency for Cybersecurity (ENISA), ransomware attacks in Europe’s financial sector disproportionately affect smaller and less-established providers, accounting for 29% of incidents. For regulated institutions, failures can result not only in data breaches but also fines, reputational damage, or even the loss of licences.
Our thoughts
Copla’s model reframes compliance as infrastructure rather than paperwork. Governance, risk, security, and operations teams remain audit-ready at all times, with significantly reduced manual effort and lower exposure to non-compliance.
As regulation and cyber risk intensify across Europe, Copla is positioning itself as a foundational layer for financial institutions seeking to remain resilient while scaling.
“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 & CEO, Copla.
“Cybersecurity is defence. The threat landscape hasn’t changed; it has already moved on. Copla turns compliance from theatre into operations. The founders have built and exited core banking infrastructure, and they know what it means to operate where failure isn’t an option. We’re backing the resilience layer that every regulated organisation will need,” explained Viktoras Jucikas, Founding Partner, Iron Wolf Capital.
