October 23, 2023 Catherine Lygoe

LAB Group Secures New Debt Facility to Fund Growth Strategy

Oct 2023 

Sydney, Australia –

LAB Group, a leading international RegTech and Australia’s best-connected onboarding provider, is pleased to announce its successful completion of a private investment round raising up to AU$6.5 million in growth capital. 

The incoming investor, Global Credit Investments (GCI), is a leading provider of specialist private credit and tailor-made financial products. Founded in Sydney in 2015, GCI provides flexible low-dilution funding structures that enable its investee companies to transform their businesses, funds have been used by businesses to help accelerate sales and marketing and to fund international expansion strategies – to name a few. GCI has raised and deployed c.AU$1 billion to date and specialises in empowering outstanding entrepreneurs and management teams looking to transform and scale their high growth businesses. 

LAB Group was co-founded in 2010 by CEO Nick Boudrie and CTO Lyndon Webster, who retain majority stakes in the business. Since launch, LAB Group has deployed its technology across Australian and international financial services licensees, as well as businesses in other sectors, whilst establishing offices in Melbourne, Sydney, Brisbane and Copenhagen.   

Having partnered with some of Australia and the world’s most recognised and respected institutions, LAB Group’s innovative onboarding and compliance platform solves the key governance, risk and compliance challenges that regulated entities face today. GCI’s investment will support LAB Group to accelerate its business and product development activities, providing working capital to fund domestic and international growth opportunities. 

Nick Boudrie, CEO and co-founder of LAB Group, said:  

“We are delighted to welcome GCI as an investor in LAB Group. The backing of an investor of GCI’s calibre will bring LAB Group the support we need to further strengthen and scale up our team and accelerate our growth strategy. We are particularly pleased to have found a capital investment solution which will help us take our business to its next growth phase while minimising shareholder dilution. 

“Completing the GCI facility underlines the strong market position and unique capabilities that LAB Group has developed through 12 years of evolution and innovation. Our platform delivers significant advantages to LAB Group clients, encompassing a dynamic onboarding framework providing end-to-end account opening and digital workflow management, an easy-to-integrate ID verification solution validating AML, KYC, KYB, and PEP Sanctions for all entity types, and a network of global products and jurisdictions that enables the seamless consented movement of consumer profile data. 

“We look forward to a fruitful working relationship with GCI which adds value to LAB Group’s customers, integration partners, staff and investors.” 

Gavin Solsky, Managing Director & Co-Founder, from GCI, said: 

“We are excited to announce our partnership with LAB Group as they embark on their exciting growth journey. LAB Group embodies all the qualities we seek in an emerging high-growth company, from a proven product-market fit to outstanding customer metrics. With a skilled founder-management team driving their growth strategy and a substantial market opportunity supported by structural growth, we are confident in their future success.” 

Henslow Pty Ltd acted as corporate adviser to LAB Group and lead manager of the transaction. 


For all media enquiries, please contact:  

Tim Dohrmann, NWR Communications  

Phone:  +61 468 420 846  

Email: tim@nwrcommunications.com.au   



About LAB Group Services Pty Ltd 


Where welcome onboard begins. 

LAB is a RegTech providing an innovative KYC & Onboarding platform that revolutionises the customer journey from the very first steps, fulfilling AML/CTF regulatory needs whilst saving time and resources by providing a high degree of automation for account creation and customer lifecycle management using remediation and ongoing customer due diligence processes. 


The LAB platform welcomes tens of thousands of people into hundreds of financial product offerings across over 15 industry verticals, matching applicants with a vast array of market offerings. 


Connect to more people in more places. 

Connect into the LAB Network that leverages strategic partnerships and integrations to enhance product origination and distribution. 


Hundreds of regulated entities around the globe connect through the LAB Network to accelerate customer registration, reduce onboarding time, increase security, and achieve higher completion rates. 


The leaders in secure onboarding. 

LAB’s continually advancing platform empowers our businesses to stay ahead of rapidly changing compliance regulations and evolving customer experience expectations. 


Our Software-as-a-Service (SaaS) platform provides a fully compliant, end-to-end, multi product digital onboarding process. LAB seamlessly connects digital client acquisition, ID verification, biometrics, workflow management, fraud protection and compliance services on a single platform. 


Become part of the most connected digital onboarding platform. 

With LAB’s unmatched connectivity, we get you to market sooner through our sector-agnostic integrations and transformational data automation. 

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