The Nordic loyaltech company, Whistleblower Software, has announced that it is strengthening its operations in Spain with the opening an office and creating a local team. After having successfully implemented reporting channels for companies in 80 countries, including Denmark, Germany and Sweden. Whistleblower Software aims to help Spanish companies establish transparency and comply with the law.
The company, which closed in July 2022 a round of seed financing of 3 million dollars for its platform, backed by venture capital firm West Hill Capital, as well as Morten Brøgger, former CEO of Wire, a major compliance product; continues with its ambitious international expansion plan in the whistleblowing software market, which is expected to reach $170.56 billion by 2028 with a compound annual growth rate (CAGR) of 8.90%, according to the expectations of the whistleblowing software market.
Founded by Jakob Lilholm, Kristoffer Abell and Magnus Boye, in 2021 in Aarhus (Denmark), Whistleblower Software has developed the best whistleblowing SaaS platform for companies to comply with the new EU whistleblowing regulation, which is now also mandatory in Spain. According to which companies with more than 50 employees, whether public or private and from any sector, are obliged to implement a whistleblowing system, which keeps employees who report any irregularity safe, whether due to fraud, bribery, sexism or the like within the organization.
Operations in Spain will be managed by Álvaro Blanco as country manager, with 15 specialized professionals in its Madrid office. And they aim to make it easier for Spanish companies and organizations, of all sectors and sizes, to implement a professional fraud prevention and anti-corruption regulatory compliance system. «Whistleblower software’s technology is already used by legal advisors, law firms, consultants, CEOs and CIOs, CISOS, IT, legal, compliance or procurement teams, and by companies of all sizes and sectors, seeking to have a standards-based solution for the next generation of whistleblowing systems and services, available in more than 80 countries around the world, being accessible to more than 3 million employees.” says Alvaro Blanco.
