back Back

Level One Fund backs FinTech platform Kompliant

By Edlyn Cardoza

August 01, 2022

  • Compliance
  • Financial Institutions
  • Kompliant
Share

Kompliant, Level One Fund, Compliance, Underwriting, Financial Institutions, Kompliant Intelligence Platform, Venture Capital Fund, USAKompliant, a U.S.- based compliance startup, recently closed a $14 million seed round led by Level One Fund. Kompliant solves end-to-end compliance lifecycle management through leading-edge technology and innovative workflows. The platform automates many manual processes associated with underwriting and monitoring for financial institutions.

The investment will accelerate Kompliant’s growth by devoting additional resources to scale its platform solutions and expand the Kompliant Intelligence Platform suite of merchant onboarding, underwriting workflow management, and monitoring solutions.

A growth stage venture capital fund, Level One Fund has seen considerable success investing in companies that “reshape static industries.” The round also included existing investors, Casa Verde, with their track record of backing tech platforms such as Dutchie, Leaflink and Metrc. Other early investors include former president of Visa, John Partridge; Jonathan Weiner, founder of Money 20/20; Stuart Sopp, CEO of Current; and Mike Lohner, co-founder of DOSH and current chair of Stella & Dot.

With this investment, Level One Fund Partner Andrew Stewart will join Karan Wadhera of Casa Verde, with Fiserv Global Business Solutions’s former chairman Dan Charron, on Kompliant’s Board of Directors.

Karan Wadhera, Casa Verde Managing Partner, explained, “We initially reached out to Brad to help incubate a compliance solution specifically for high-risk industries. As the platform evolved, it was clear that Kompliant’s technology could be leveraged across the entire payments ecosystem.”

Kompliant was founded by FinTech veterans Brad Wiskirchen and Edward Katzin. The company works with leading payment processors and banks to solve commerce compliance compatibility across sponsor banks, acquirer processors, ISOs, VARs, ISVs, gateways, and the merchants they serve. Kompliant provides a standard set of protocols, data structures, and interfaces across application processing, application verification, underwriting management, and ongoing monitoring.

“Payments organizations have to digitally transform their processes and Kompliant has built a platform uniquely positioned to address this need,” Andrew Stewart, Managing Partner at Level One Fund, shared. “We believe the team and technology are incredibly well-positioned to succeed.”

Previous Article

August 01, 2022

Alif records over 150% year-on-year revenue growth

Read More
Next Article

August 01, 2022

IndusInd Bank partners with Rupyy to offer paperless loans for used-cars

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Compliance

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

LGT taps Finastra to roll out instant payments services in Europe

Read More

Today

Mastercard & Payment24 to boost EMV adoption in EEMEA’s fleet sector

Read More

May 23, 2024

Octopus Energy to offer BNPL payments with Zopa Bank

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023