Condukt raises US$10 million seed round. Condukt, the next-generation compliance platform for financial services, led by Paulo Guichard and Bhasker Rao, has secured US$10 million in funding led by Lightspeed Venture Partners and MMC Ventures, with participation from Cocoa Ventures. The funding will accelerate Condukt's mission to reinvent KYB and make compliance a driver of growth. Launched in 2023, Condukt already powers compliance for leading fintechs like Wise, Tide, Mollie, Rakuten, Shift4, Flatpay, and myPOS. With rising regulatory demands and new AI capabilities, Condukt introduces a real-time data layer and agentic automation that replaces manual workflows and legacy datasets, enabling continuous, always-on compliance instead of periodic checks. A Forrester report shows businesses now spend $206 billion annually on financial crime compliance, with 98% seeing rising costs, driven largely by labor. Regulators have already issued more than $6 billion in AML fines in 2025, signaling a tougher enforcement environment. Founded by fintech veterans from Revolut, SumUp, and Square, Condukt operates from London and Porto with a team of ex-Revolut and Meta engineers. The new funding will help deepen partnerships with leading financial institutions, accelerate go-to-market efforts, and expand its engineering team. "Compliance should be a growth enabler, not a bottleneck," said Paulo Guichard, co-founder and CEO of Condukt. "Condukt is built as an always-on data nervous system, using real-time intelligence and AI agents to automate KYB checks, remove repetitive work, and ensure compliance keeps pace with every business change." "With regulators shifting toward perpetual KYB, manual processes are becoming unsustainable," said Bhasker Rao, co-founder of Condukt. "Automated monitoring and real-time insights are now essential. Our infrastructure delivers this continuously, helping regulated businesses stay compliant without slowing operations or driving up costs." "Condukt is redefining compliance with real-time, perpetual oversight," said Alex Schmitt, Partner at Lightspeed. "Its proven technology and strong customer base position it to lead a new category of always-on, agentic compliance." "The market is at an inflection point," added Ollie Richards, Partner at MMC Ventures. "Condukt's vision for automated, perpetual KYB is the future of risk and operations. The team's expertise and execution set them apart."

Condukt emerges from stealth with $10M to power next-generation compliance. Condukt's real-time data and agentic approach replace manual compliance checks and enable institutions to adjust to changes in risk as they occur. London-based Condukt, a next-generation compliance platform for financial services, has raised $10 million in seed funding and emerged from stealth. The round was led by Lightspeed Venture Partners and MMC Ventures, with participation from Cocoa Ventures. Founded in May 2023, Condukt is designed as an agentic, real-time compliance solution that is always-on and policy-aware, giving financial institutions and fintechs actionable insights into business verification to support growth, efficiency, and stronger compliance. Rising regulatory scrutiny and advances in artificial intelligence are creating an opportunity to rethink how compliance is managed. A recent Forrester report estimates that businesses spend $206 billion annually on financial crime compliance (FCC), with 98 per cent of institutions reporting rising FCC costs and labour identified as the main driver. At the same time, 2025 has seen record-breaking AML penalties, with more than $6 billion in fines issued globally by July, signalling a stricter enforcement environment for banks. According to Bhasker Rao, co-founder at Condukt, automated monitoring and live insights from open-source data are fast becoming essential. Our infrastructure delivers exactly this - allowing regulated businesses to stay continuously compliant, without slowing down their operations or suffering from burgeoning costs. Condukt's platform introduces a proprietary real-time data layer that continuously synchronises with clients' operations. Its agentic solution automates manual compliance workflows, replaces legacy datasets, and monitors business changes as they occur, enabling ongoing oversight instead of static, periodic checks. The company already supports compliance operations for fintech companies, including Wise, Tide, Mollie, Rakuten, Shift4, Flatpay, and myPOS. With the new funding, Condukt plans to deepen partnerships with major financial institutions, accelerate its go-to-market efforts, and continue hiring engineering talent. The investment will also support Condukt's goal of redefining know-your-business (KYB) processes and positioning compliance as a driver of growth, operational efficiency, and trust rather than solely a cost centre.