Condukt Raises $10M Seed to Launch Real-Time, Agentic Compliance Platform for Fintechs

Condukt, a London-based fintech building an agentic, real-time compliance platform for financial services, has raised $10 million in seed funding as it emerges from stealth and looks to scale its technology for regulated institutions. The funding marks the company’s first public capital raise since launching in May 2023 and comes amid growing demand for automated, continuous compliance solutions across the financial sector.

The seed round was co-led by Lightspeed Venture Partners and MMC Ventures, with participation from Cocoa Ventures. The investors bring deep experience in scaling enterprise software, fintech, and data-driven platforms, providing Condukt with both capital and strategic support as it enters its next phase of growth.

Founded by Paulo Guichard and Bhasker Rao, Condukt is focused on rethinking how compliance is managed in modern financial services. The company’s platform is built around an always-on data layer that continuously synchronises with a customer’s operations, enabling agentic AI systems to automate compliance workflows and monitor changes in real time. This approach is designed to replace traditional point-in-time checks with continuous oversight.

Condukt plans to use the new capital to expand partnerships with major financial institutions, accelerate its go-to-market strategy, and grow its engineering and product teams across its offices in London and Porto. The company is responding to a regulatory environment in which increased scrutiny and more frequent enforcement actions are pushing financial institutions to adopt compliance infrastructure capable of scaling without proportional increases in manual effort.

The founders bring extensive fintech experience to the company. Guichard and Rao previously worked together at Revolut Business and have held senior roles at companies including SumUp and Square, now known as Block. This background has informed Condukt’s focus on building compliance systems that integrate deeply into operational workflows rather than functioning as isolated tools.

Condukt’s platform is already being used by a range of fintech and payments companies, including Wise, Tide, Mollie, Rakuten, Shift4, Flatpay, and myPOS. These early deployments demonstrate the platform’s ability to deliver real-time business verification and risk insights at scale, supporting compliance teams operating in complex, fast-moving regulatory environments.

The company positions its technology as a response to the rising cost and complexity of financial crime compliance. Traditional know-your-business processes often rely on static data and manual reviews, which can become outdated quickly and require significant human resources to maintain. By automating monitoring and analysis, Condukt aims to reduce operational burden while improving the accuracy and timeliness of compliance decisions.

Industry-wide, financial institutions spend hundreds of billions of dollars each year on compliance-related activities, with a large share of that cost driven by manual processes. Condukt’s approach seeks to shift compliance from a reactive, cost-heavy function to a proactive system that supports growth and risk management simultaneously.

As regulators increasingly move toward expectations of perpetual monitoring and continuous KYB, platforms that can deliver real-time insights are becoming critical infrastructure for financial services companies. Condukt’s agentic compliance model is designed to align with this shift, enabling institutions to respond dynamically to risk and regulatory change.

With $10 million in seed funding secured and backing from established venture investors, Condukt is positioned to expand its footprint and further develop its real-time compliance technology. The round reflects investor belief in the company’s vision of transforming compliance into an always-on, scalable capability that keeps pace with the evolving demands of modern financial services.