RegTech Pioneer, Compliance.ai Secures Series A Funding Fueling the Expansion of its Platform and Expert Advisory Board

RegTech company Compliance.ai has closed its Series A round of financing, raising $3 million in additional funding led by Cota Capital. The company is committed to providing best-in-class RCM processes for compliance officers, risk officers, counsel and regulators alike. This includes an expansion into G-20 regulatory coverage, enhanced workflows, advanced reporting and expanding its partnerships with the industry’s leading GRC’s to facilitate accessibility.

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“Our platform is growing quickly, both in terms of the capabilities we offer, and our client base of compliance and risk professionals,” said Kayvan Alikhani, CEO and co-founder of Compliance.ai. “The Series-A funding will accelerate expansion into international jurisdictions and expedite our mission of transforming compliance processes.”

Compliance.ai helps compliance professionals navigate the mounting and complex regulations. Its AI-platform replaces the tedious and time-consuming processes involved in manually managing regulatory compliance. With Compliance.ai, users are equipped with a modern approach to responding to the volume and velocity of regulations.

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Compliance.ai’s Expert Connection provides users with access to domain experts who publish manuals, whitepapers (from law firms), and provide regulatory guidance to our clients.
Compliance.ai has recently added two significant new premium content partners:

• Nacha, an organization that develops rules and standards for financial transactions that improve compatibility and integration among financial institutions worldwide. Nacha.org is the primary standards information resource for several categories of financial transactions, including Automated Clearing House (ACH), Electronic Benefits Transfers (EBT), and healthcare Electronic Benefits Transfers (EFT).
  
  
• WesPay, a payments association with an extensive library of reference guides, ACH and Remote Deposit Capture (RDC) sample policies, toolkits, workbooks, and ACH audit guides.

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