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PassFort

PassFort

A technology company with an online platform where businesses can streamline the process of onboarding customers. It is located in London, England and was founded in 2015.

PassFort is a London-based company with an online platform which is intended to be used by businesses. The platform has tools that can onboard, verify, and manage business' customer relationships.

Product

The platform consists of three components: Portal, Smart Policy, and Integration Hub. Portal provides case management and ongoing monitoring so that customer relationships can be maintained. Clients can utilize the risk engine to determine risk scoring and view an audit report at any time to see what tasks have been completed for their customers. If a compliance task needs to be completed manually, the Portal creates a customizeable form that the compliance team can use to complete the task.

The Smart Policy is the component of the platform which converts the client's existing compliance policies into automated tasks. The Integration Hub allows clients to communicate with data providers to fulfill their compliance needs. PassFort offers various pricing packages based on the needs of the client and clients can get a quote on the company's website.

Timeline

September 14, 2021
PassFort Secures $16,200,000 in Series A funding round, led by Level Equity, with participation from OpenOcean, Episode 1 and Entrepreneur First.
September 14, 2021
PassFort raises a $16,200,000 series A round.
2015
PassFort was founded by Donald Gillies and Henry Irish.

Funding rounds

People

Name
Role
LinkedIn

Donald Gillies

Co-Founder

Henry Irish

Co-Founder

Further reading

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Documentaries, videos and podcasts

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Companies

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News

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Description
FinSMEs
September 14, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Natasha Lomas
September 14, 2021
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 [...]
Natasha Lomas
September 14, 2021
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 [...]

References

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