Fighting Financial Crimes: London-Based Saas Regtech Passfort Closes £11.7M Funding

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PassFort will use the funds for its global growth plans and its ambition to be the category leader in compliance automation for regulated businesses. ” Said Donald Gillies, PassFort’s CEO and Co-Founder. “PassFort is currently capitalising on significant growth across the digital economy and the need for our automated compliance solutions, designed to make access to our customers’ products compliant and crime-free.”“PassFort has solved this challenge by providing a next-generation RegTech software solution that enables customers to offer a seamless customer onboarding experience, maintain best-in-class monitoring capabilities, and balance automation vs. human touch via its intelligent orchestration engine,” said Charles Chen, Partner at Level Equity, who will join PassFort’s board of directors. PassFort is a name that I have followed for many years, and Donald and his team continue to build a dynamic and exciting offering.