logo
logo

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

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

09/14/21, 9:55 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svglondon
Money raised
£11.7 million
A London-based SaaS regtech provider, PassFort that automates financial crime & compliance processes has just announced that it closed $16.2 million (nearly £11.7 million) in a Series A funding round.

Company Info

Company
Pass Fort
Location
london, ontario, canada
Additional Info
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.