Condukt is a technology company.
Condukt has raised $3.0M across 1 funding round.
Condukt has raised $3.0M in total across 1 funding round.
Condukt has raised $3.0M in total across 1 funding round.
Condukt's investors include Atomico, Curiosity VC, Maki.vc, Allison Pickens (Allison Pickens Ventures), Johan Brand, Phillip Chambers.
Condukt is a London-based fintech startup building an agentic, real-time compliance platform focused on know-your-business (KYB) verification for financial institutions and fintechs.[1][2][3] It serves regulated companies like Wise, Tide, Mollie, Rakuten, Shift4, Flatpay, and myPOS by automating manual workflows, syncing with real-time data, and providing continuous oversight to turn compliance into a growth driver rather than a cost center.[2][3][5] The platform leverages proprietary data layers and AI agents to monitor business changes instantly, boosting auto-approval rates, reducing manual checks, and addressing rising financial crime compliance costs estimated at $206 billion annually.[2][5]
Launched from stealth in November 2025 with $10 million in seed funding led by Lightspeed Venture Partners and MMC Ventures (plus Cocoa Ventures), Condukt demonstrates strong early momentum amid record AML fines exceeding $6 billion by mid-2025.[2][3]
Condukt was co-founded in May 2023 by Paulo Guichard (CEO) and Bhasker (Baz) Rao, who met while building Revolut Business and bring decades of experience from high-growth fintechs like Revolut, Square (now Block), and SumUp.[1][2][3] Frustrated by outdated compliance tools, they created a proactive solution powered by real-time data and agentic intelligence—essentially the "business identity" platform they wished existed for next-gen financial institutions.[1][3]
Operating in stealth until November 2025, the company quickly gained traction supporting major fintechs and built a team of engineers from Revolut and Meta, with offices in London and Porto.[2][3] Emergence from stealth coincided with $10M funding to fuel expansion.[2]
Condukt stands out in the compliance space through these key strengths:
Unlike legacy providers, it positions compliance as an "always-on nervous system" amid AI advances and regulatory pressures.[2][3]
Condukt rides the convergence of rising regulatory scrutiny (e.g., $6B+ AML fines in 2025) and AI-driven automation, rethinking financial crime compliance (FCC) amid $206B annual spends driven by labor costs.[2] Its timing capitalizes on fintech growth needing scalable KYB, as 98% of institutions face escalating FCC expenses while AI enables real-time insights from open-source data.[2]
Market forces like stricter enforcement and agentic AI favor Condukt, disrupting static KYC/KYB tools from competitors like Persona or Sumsub by enabling perpetual monitoring.[2][4] It influences the ecosystem by partnering with top fintechs, modernizing onboarding, and proving compliance can accelerate efficiency—potentially setting standards for RegTech in a post-2025 enforcement era.[2][3]
Condukt is poised to redefine KYB as a competitive edge, with $10M fueling deeper financial institution partnerships, GTM acceleration, and engineering hires.[2][3] Trends like AI agents, open data proliferation, and global fines will amplify its perpetual compliance model, potentially expanding beyond fintech to broader business verification.
Its influence may evolve into a core infrastructure layer for regulated industries, much like Revolut scaled payments—watch for Series A and enterprise wins by 2026, solidifying its role in agentic RegTech. This builds on its mission: compliance that scales with business velocity.[1][3]
Condukt has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in April 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2024 | $3.0M Seed | Atomico, Curiosity VC, Maki.vc, Allison Pickens (Allison Pickens Ventures), Johan Brand, Phillip Chambers |