Amid a turbulent economic climate and shifting regulatory pressures in 2025, Luxembourg-based RegTech startup Cascade is rapidly establishing itself as a key player in the financial compliance space.
With its recent selection for the prestigious FinCrimeTech 50 list, the company has added yet another milestone to its growing list of achievements, reinforcing its momentum at a pivotal stage in its international expansion.
“We’re thrilled to be recognised—it couldn’t come at a better time,” says co-founder Maciej Waloszyk. “While we are well-established in Luxembourg with over 100 clients, international markets remain fragmented. The visibility this recognition brings is incredibly valuable when approaching new jurisdictions.”
Having launched in 2019, Cascade is building a reputation for providing flexible, enterprise-grade compliance and administrative software to small and medium-sized financial institutions. Its solution replaces a patchwork of spreadsheets and legacy tools with an integrated platform covering AML, KYC, corporate governance, and more.
Scaling smartly
Cascade’s technology is now in use across more than 25 jurisdictions, with significant investments being made to strengthen footholds abroad. The UK has been a particular focus, where demand for AML solutions is high—not just from clients, but also from an investment perspective. A potential Series A funding round is planned for 2026, and the firm sees its traction in mature markets as a key factor in attracting serious capital.
With the rise in regulatory expectations and complexity, especially within financial hubs like Luxembourg, Cascade is well-positioned to scale. “Luxembourg’s standards are among the highest globally, and that plays to our strengths,” says Waloszyk. “Often, international providers can’t meet the bar here, which gives us an edge. Increasingly, we see headquarters of multinational firms taking note of what their Luxembourg branches achieve with Cascade—and requesting the system themselves.”
Adapting to a rapidly evolving landscape
In response to 2025’s increasingly dynamic regulatory environment, Cascade has evolved quickly. The team is actively integrating new product capabilities that meet the changing needs of compliance teams. Two key enhancements include a secure digital communication portal, facilitating automated data exchange, and the BI Connectivity Pack, which offers robust reporting functionality for internal management and regulatory requirements.
Perhaps most notably, development is well underway on Cascade 2.0, the company’s next-generation platform. It is being built from the ground up with advanced architecture, AI integration, and modular compliance features designed to serve both SMEs and large international firms.
“Our upcoming release reflects six years of market experience,” explains Declan OhAnnrachain second co-founder of Cascade. “It’s not just an upgrade—it’s a new system designed to support more complex and global operations with ease and flexibility.”
Riding the AI wave
While artificial intelligence dominates the current tech discourse, Cascade takes a pragmatic approach. “There’s a risk of AI becoming a buzzword,” warns Jean-Christophe Denis Partner and CTO at Cascade. “We’re focused on ambitious, meaningful use cases where AI adds real value without inflating costs unnecessarily. Our AI-driven functionality will cut through low-value tasks, allowing compliance officers to focus on the holistic, 360-degree picture, always remaining in the driver’s seat.”
One such initiative is the automation of first-line defence processes, like the treatment of name screening alerts, data input automation, and auto summarizations, which are often resource-intensive. This will enhance both efficiency and accuracy, a critical balance in regulated environments
Expanding strategically
While the firm has expanded its capabilities to serve larger institutions, its core market remains SMEs—an underserved segment that Cascade has supported from day one. “Our platform was built with smaller firms in mind, and we won’t abandon them,” says Waloszyk. “That said, we’re now fully capable of supporting enterprise clients—and Cascade 2.0 is a testament to that.”
Backed by strong local investors such as Expon Capital, LBAN, and Project Rise, and recognised with awards like Young ICT Revelation of the Year and the APSI Start-Up Award, Cascade is one of Luxembourg’s most promising tech ventures. The €1 million funding round it raised in 2022 has been instrumental in growing the team and accelerating product development.
As the regulatory technology sector faces both headwinds and opportunities in the next 12 to 18 months, Cascade is laser-focused on execution. “Our clients are navigating constant change. Our job is to help them do so with clarity, automation, and confidence,” OhAnnrachain concludes. “Recognition like the FinCrimeTech 50 validates our mission—but more importantly, it gives us momentum to build what comes next.”
This article was published in Silicon Luxembourg magazine.
