Loading organizations...
Passfort provides a digital platform for customer lifecycle management, automating Know Your Customer (KYC) and Anti-Money Laundering (AML) workflows. It integrates global data checks and employs a flexible policy builder to create dynamic risk profiles, establishing a comprehensive, cloud-based compliance ecosystem streamlining regulatory processes.
Henry Charles Irish and Donald Andrew Gillies co-founded Passfort in 2015. Their insight derived from the inherent inefficiencies of manual compliance, often costly and error-prone. They sought to digitize these functions, enabling organizations to meet complex regulatory demands more effectively and enhance customer onboarding experiences.
Regulated entities utilize Passfort to manage customer and third-party risk across their entire lifecycle. The company’s vision is to transform compliance and risk management through holistic data and automated workflows, supporting confident decision-making. It fosters trusted business relationships amidst an evolving regulatory environment.
Passfort has raised $16.9M across 2 funding rounds.
Key people at Passfort.
Passfort was founded in 2015 by John Moody (Founder).
Passfort has raised $16.9M in total across 2 funding rounds.
PassFort is a London-based RegTech SaaS company founded in 2015 that builds an online platform to automate customer onboarding, KYC (Know Your Customer), AML (Anti-Money Laundering), and compliance workflows.[1][3][4] It serves financial institutions and businesses needing to streamline due diligence, risk profiling, and monitoring, solving the trade-off between rapid onboarding, regulatory compliance, and fraud prevention through intelligent orchestration, API integrations, and a unified data ecosystem.[1][4] The platform centralizes customer profiles, tracks onboarding efficiency, provides real-time risk insights, and supports audit-ready records, with revenues growing ~2.5x in the year prior to its 2021 Series A funding of $16.2M led by Level Equity.[1] By 2025, PassFort has integrated into Moody's Maxsight™, enhancing its capabilities with Moody's global data and low-code policy builders for tailored workflows across jurisdictions.[4]
PassFort was founded in 2015 by CEO Donald Gillies and co-founders, emerging from Entrepreneur First, a talent accelerator that backed the company early alongside investors like OpenOcean and Episode 1.[1][2] The idea addressed the growing compliance burdens in the digital economy, where businesses faced threats from fraud and regulation while prioritizing fast customer experiences—Gillies emphasized building a "compliance policy cloud" with CRM integrations and data analytics for real-time insights.[1] Early traction came from automating document collection, verification, and storage using third-party data sources, leading to a $16.2M Series A in 2021 (including venture debt), fueled by ~2.5x revenue growth and demand for seamless KYC/AML solutions.[1] This funding supported product evolution amid rising regulatory scrutiny post-financial scandals.
PassFort rides the RegTech wave driven by escalating global AML/KYC mandates, digital banking growth, and AI-powered fraud threats, where traditional manual processes fail to scale.[1] Timing aligns with post-2021 regulatory shifts (e.g., PSD2, FATF updates) and fintech booms, enabling faster onboarding without compliance gaps—market forces like open banking and crypto scrutiny amplify demand.[1][4] Its Moody's integration positions it as a lifecycle management leader, influencing the ecosystem by standardizing data orchestration for banks, fintechs, and insurers, reducing industry-wide friction in a $20B+ RegTech market.[4]
PassFort's Moody's-backed evolution signals acceleration in AI-driven perpetual compliance, with trends like embedded finance and real-time transaction monitoring shaping its path toward dominant RegTech status.[4] Expect expansions in high-growth verticals like crypto and DeFi, leveraging data networks for predictive risk AI; its influence could redefine onboarding as a competitive edge, tying back to its core mission of frictionless, secure digital economies.[1][4]
Passfort was founded in 2015 by John Moody (Founder).
Passfort has raised $16.9M in total across 2 funding rounds.
Passfort's investors include Episode 1 Ventures, Hambro Perks, MMC Ventures, Doug Monro, Paul Forster, Tony Jamous.
Key people at Passfort.
Passfort has raised $16.9M across 2 funding rounds. Most recently, it raised $16.0M Series A in September 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 13, 2021 | Cybersixgill | $250.0M Other Equity | Rob Fauber | — |
| May 1, 2021 | VisibleRisk | $25.0M Series A | Team8, David Platt | Neotribe Ventures, Yuval Shahar |
| Oct 1, 2017 | SecurityScorecard | $28.0M Series C | Nokia Growth Partners | Accomplice VC, AllegisCyber Capital, Aster Capital, Ballistic Ventures, B Capital Group, Blumberg Capital, Evolution Equity Partners, Flybridge, GV, Intel Capital, Glenn Solomon, The Hit Forge, Thomson Reuters Ventures, Trucks Venture Capital, Wing Venture Capital, Mike Fernandez, François Robinet, Boldstart Ventures, David Platt, Sequoia Capital, Two Sigma Ventures |
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2021 | $16.0M Series A | Episode 1 Ventures, Hambro Perks, MMC Ventures, Doug Monro, Paul Forster, Tony Jamous | |
| Nov 1, 2015 | $950K Seed | Episode 1 Ventures, Hambro Perks, MMC Ventures, Doug Monro, Paul Forster, Tony Jamous |