Copla raises €6M to tackle DORA compliance at scale
Vilnius-based regtech startup Copla has secured a €6 million funding round to help financial institutions move away from fragmented, spreadsheet-driven risk management and towards fully automated compliance with the EU’s DORA framework. The investment will be used to scale product development, expand across Europe and deepen integrations with core banking and cloud providers.
From Excel chaos to structured digital oversight
Many banks, fintechs and payment companies still manage critical operational resilience and ICT risk processes in Excel, email and ad‑hoc internal tools. This approach is increasingly unsustainable under the EU’s Digital Operational Resilience Act (DORA), which imposes strict, auditable requirements on how financial entities manage technology risk, third‑party providers and incident reporting.
Copla offers a centralised platform that automates key DORA workflows, including risk assessments, ICT asset mapping, third‑party oversight, and incident management. By replacing manual spreadsheets with structured data and rule‑based automation, the company aims to reduce compliance costs and minimise human error for regulated firms.
Strategic timing ahead of DORA enforcement
DORA will apply across the EU financial sector from 2025, affecting banks, insurers, payment institutions, crypto‑asset service providers and their critical ICT suppliers. The looming deadline is driving urgent demand for specialised regtech solutions that can interpret regulatory requirements and embed them directly into daily operations.
Backers of Copla are betting that its early focus on DORA will position the company as a go‑to partner for European financial institutions struggling to align internal processes, legacy systems and outsourced technology providers with the new rules.
Expansion plans and industry impact
With fresh capital, Copla plans to grow its engineering and regulatory teams, enhance analytics and reporting features, and build out integrations with core banking systems, cloud platforms and major outsourcing vendors. The startup also intends to work closely with compliance officers and CIOs to adapt its platform to different regulatory interpretations across EU member states.
As financial regulators sharpen their focus on digital resilience, tools that can deliver real‑time visibility into ICT risks are becoming mission‑critical. Copla is positioning itself as a bridge between complex regulation and practical implementation, promising to turn DORA from a compliance burden into a structured, auditable and largely automated process.