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Kompliant, based in San Jose, California, offers an AI-driven compliance platform that automates business onboarding, risk scoring, and ongoing monitoring for financial institutions and payment processors. The company streamlines commerce compliance across various entities, aiming to reduce operating costs and accelerate conversions. Kompliant secured $14 million in seed funding in July 2022, with notable investors including Level One Fund, John Partridge, Jonathan Weiner, Stuart Sopp, and Mike Lohner. Leo Patching serves as CEO, and Casey Zenner was appointed Chief Revenue Officer in November 2024. In October 2025, Kompliant was acquired by LegitScript to enhance its merchant underwriting and global compliance scale. The company was founded by Edward Katzin and Brad Wiskirchen. Its business model centers on saaS platform licensing for compliance automation and intelligent solutions, generating revenue through subscriptions or usage by financial services and payment ecosystems.
Kompliant has raised $14.0M across 1 funding round.
Kompliant has raised $14.0M in total across 1 funding round.
Kompliant has raised $14.0M across 1 funding round. Most recently, it raised $14.0M Seed in July 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2022 | $14M Seed | Andrew Stewart | Bessemer Venture Partners, Casa Verde Capital, Infinity Ventures, Nyca Partners, OAK HC/FT, The General Partnership, John Partridge, Jonathan Weiner, Michael Lohner, Stuart Sopp | Announced |
Kompliant has raised $14.0M in total across 1 funding round.
Kompliant's investors include Andrew Stewart, Bessemer Venture Partners, Casa Verde Capital, Infinity Ventures, Nyca Partners, Oak HC/FT, The General Partnership, John Partridge, Jonathan Weiner, Michael Lohner, Stuart Sopp.
Kompliant is a compliance orchestration platform that automates regulatory compliance and risk management for financial institutions, particularly in payments and fintech. It streamlines the full lifecycle of merchant onboarding, including KYB/KYC verification, underwriting decisioning, ongoing monitoring, and audit facilitation, serving banks, acquirers, payment processors, and sales organizations to reduce costs, accelerate revenue, and turn compliance into a growth driver.[1][2][3][4]
The platform addresses pain points like manual processes (e.g., email and spreadsheets) by offering AI-driven workflows, real-time data aggregation, configurable decisioning rules, and a single integration point for multiple services, enabling faster customer activation and fraud detection.[2][3][4] Kompliant has shown growth momentum through a $14M seed round in 2022, revenue-producing customers post-stealth, partnerships like with Merrick Bank, and recognition in FinTech Global's 2025 DataTech50 list for data management innovation.[3][6]
Founded in 2020 in Boise, Idaho, Kompliant emerged from the cannabis payments space, incubated by Snoop Dogg's Casa Verde Capital to solve onboarding and compliance challenges in that high-risk industry.[1][3] Led by CEO Leo Patching and COO Emily Baker, with input from payments veterans like David Katzin, the company pivoted to broader financial services, developing an end-to-end platform during stealth pilots that secured early revenue customers.[2][3][6]
A pivotal moment came with its $14M seed funding in 2022, fueling expansion beyond cannabis into general fintech compliance, followed by strategic recognition and, notably, acquisition by LegitScript, which combined Kompliant's automation with LegitScript's AI risk monitoring for global scale.[2][3]
Kompliant rides the RegTech wave in fintech, where exploding digital payments, e-commerce, and high-risk sectors demand automated compliance amid stringent regulations like anti-money laundering and KYC.[1][2][3] Timing aligns with post-2022 market shifts toward efficiency, as institutions face rising fraud, data complexity, and global expansion pressures—Kompliant's tools cut cycle times and enable portfolio growth in a landscape processing trillions annually.[3][6]
It influences the ecosystem by partnering with banks (e.g., Merrick), data providers, and now LegitScript post-acquisition, standardizing merchant lifecycle management and fostering innovation in 60+ risk areas across platforms.[1][2] This positions it against competitors like Heliocor while accelerating trust in digital finance.[1]
Post-LegitScript acquisition, Kompliant will likely scale globally, co-developing AI-enhanced offerings with credit bureaus and fraud platforms, capitalizing on DataTech50 momentum for deeper fintech penetration.[2][3][6] Trends like AI regulation, real-time payments, and cross-border commerce will propel demand, evolving its role from niche solver to infrastructure leader.
As a pioneer turning compliance burdens into revenue engines, Kompliant exemplifies how RegTech unlocks fintech growth in a riskier world.[2][5]
