Categorie
Uncategorized

TechInnovation. PassFort, a RegTech SaaS for KYC and AML, nets $16.2M (Natasha Lomas, TechCrunch)

London-based PassFort, a SaaS provider that helps business meet compliance requirements such as KYC (Know Your Customer) and AML (Anti-Money Laundering) reporting, has closed a $16.2 million Series A led by US growth equity fund, Level Equity.

The 2015-founded startup‘s existing investors OpenOcean, Episode 1 and Entrepreneur First also participated in the round. The Series A is a mix of equity and debt, with $4.89M worth of venture debt being provided by Shard Credit Partners.

PassFort, a RegTech SaaS for KYC and AML, nets $16.2M | TechCrunch