Greenboard, a NYC-based compliance and operations software company for financial services, raised $4.5M in Seed funding.
The round was led by Base 10 Partners, with participation from Y Combinator, General Catalyst, Wayfinder Ventures, Liquid2 Ventures, Twenty Two Ventures, Rogue Capital, Transpose Platform, and others.
The company intends to use the funds to accelerate its progress towards building an AI-powered platform to handle management of the entirety of financial firms’ compliance programs, and eventually all back office processes.
Led by CEO Dave Feldman and CTO Ed Schembor, Greenboard provides financial institutions with an AI-native compliance operating system for use cases such as know your employee (KYE) and communications archiving. The company aims to expand upon the past advances in financial recordkeeping via automating the preliminary analysis of information required to drive back office and compliance processes.
Commenting on the news, Dave Feldman said: “This fundraise, along with our partnership with Base10, will help us enable financial institutions to operate their back office teams at a higher standard, with half of the headcount. We’re starting with compliance, where we see incredible need from an underserved set of users.”
FinSMEs
08/05/2024