What it sells
Compliance software challenging legacy tools.
Business model breakdown
Buyer: who owns the budget?
UnverifiedChief compliance officers and compliance teams at SEC/FINRA-regulated firms (broker-dealers, RIAs, private funds, compliance consultants).
Trigger: what makes them buy now?
Regulatory exams and supervision obligations (FINRA 3110/3120/3130, 17a-4 retention) with manual, fragmented compliance tools.
Workflow: what inputs become what output?
Unifies marketing review, communications supervision (email, chat, social), account surveillance of trades against restricted lists, people oversight (attestations), branch exams and compliance testing in one platform with audit-ready evidence.
Economics: what it saves and how it charges
Software platform; claims 500+ financial institutions and $5T+ AUM supervised; pricing not stated.
Distribution: how it reaches customers
Demo-led ("Request a demo"), a partner program and compliance-consultant channel; Y Combinator backed.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-07-14 | Y Combinator Winter 2023 | $22M | Y Combinator | news.google.com |
| — | Y Combinator Winter 2023 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.