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INTERNET | Internet Software & Services / Compliance
passfort.com

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Founded Year

2015

Stage

Debt | Alive

Total Raised

$16.22M

Last Raised

$4.89M | 11 days ago

Mosaic Score

+320 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About PassFort

PassFort has developed a web application designed to improve the way regulated businesses collect, store and manage their customer compliance information at the point of onboarding. The technology delivers an automated and scalable back-office system for financial services, online gambling, real estate, and professional services firms, enabling processes that traditionally take weeks to be completed in a day.

PassFort Headquarter Location

Level 39, One Canada Square Canary Wharf

London, England, E14 5AB,

United Kingdom

020 3322 3123

Latest PassFort News

Regtech start-up PassFort lands $16.2m Series A funding round

Sep 21, 2021

PassFort CEO Donald Gillies The fundraise was led by US growth equity fund Level Equity, with participation from existing investors OpenOcean, Episode 1 and Entrepreneur First. Additionally, $4.89 million of venture debt was put forward by SME-focused finance provider Shard Credit Partners — the first investment made under its UK-focused technology venture debt strategy. Headquartered in London, low-code software provider PassFort automates financial risk and compliance processes for financial services companies. It intends to use the money to expand internationally. The fundraise follows new customer signups from payment card aggregator Curve and cross-border digital payments platform WorldRemit. PassFort CEO and co-founder Donald Gillies says his company is capitalising on significant growth across the digital economy and the need for automated compliance software. Level Equity partner Charles Chen, who will join PassFort’s board of directors, says financial institutions have experienced exponential growth in business volumes and data. “In parallel, we’ve experienced an unprecedented rise in sophisticated financial crime activity as channels into financial systems have been digitised. This has underscored the importance of compliance matters, yet companies often have to weigh the trade-offs between speed, compliance and automation,” Chen adds.

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Research containing PassFort

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned PassFort in 1 CB Insights research brief, most recently on Sep 16, 2021.

Expert Collections containing PassFort

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

PassFort is included in 2 Expert Collections, including Regtech.

R

Regtech

1,342 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

F

Fintech

10,750 items

Excludes US-based companies

PassFort Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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PassFort Rank

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