About PassFort Limited
PassFort Limited is a Financial Services company based in London (United Kingdom) founded in 2015 by Henry Charles Irish and Stuart George Dawson, and was acquired by Moody's in December 2021. Digital compliance solution that enables businesses to automate and streamline KYC and AML processes. It operates in the Financial Services and Technology sectors. PassFort Limited has raised $17.51 million across 6 funding rounds from investors including Worldpay, Moody's and Seedcamp. The company has 32 employees. PassFort Limited was last valued at $14.81 million in August 2018. PassFort Limited offers products and services including Passfort Lifecycle, Moody's Maxsightâ„¢ Entity Verification API, Grid for Screening, and Orbis for Compliance. Its focus areas include FinTech, RegTech, KYC and Enterprise Applications.
Company details
PassFort Limited was founded in 2015 in London, United Kingdom. Digital compliance tools are offered to businesses for automating and streamlining Know Your Customer (KYC) and Anti-Money Laundering (AML) processes in regulated markets. A digital onboarding platform is utilized, along with customized workflows, to manage compliance tasks and minimize non-compliance risks through software integration.
- Headquarters London, United Kingdom
- Employees 32
- Founders Henry Charles Irish, Stuart George Dawson
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Website passfort.com
- Social LinkedIn X Facebook
- Acquired by Moody's (Dec 2021)
- Legal Name Passfort Limited
- Date of Incorporation 28 Apr, 2015
- Jurisdiction LONDON, ENGLAND
Products & Services of PassFort Limited
PassFort Limited offers a comprehensive portfolio of products and services, including Passfort Lifecycle, Moody's Maxsight™ Entity Verification API, Grid for Screening, and Orbis for Compliance.
Automates KYC and AML processes for risk and compliance management.
Provides entity verification for sanctions and fraud prevention.
Enables intelligent screening for AML and compliance activities.
Offers compliance data for third-party risk management.
Funding Insights of PassFort Limited
PassFort Limited has successfully raised a total of $17.51M across 6 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $4.89 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $17.51M
- Total Rounds 6
- Last Round Debt – Venture — $4.89M
- First Round $66,200
(Jun 2015)
- Investors Count 27
All 6 funding rounds of PassFort Limited with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $11.31M | Series A | – | Level Equity | |
| Sep 2021 | $4.89M | Debt – Venture | – | – | |
| Aug 2018 | $4.2M | Seed | $14.81M | OpenOcean | |
| May 2017 | $989,200 | Seed | $8.42M | Episode 1 Ventures | |
| Nov 2015 | $942,500 | Seed | $••••• | Episode 1 Ventures | |
| Jun 2015 | $66,200 | Seed | – | Entrepreneur First |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2018 | $14.81M | •••••••• |
| May 2017 | $8.42M | •••••••• |
| Nov 2015 | $••••• | •••••••• |
Full valuation and stage history of PassFort Limited
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $14.81M (Aug 2018). 28 investors in total: 8 institutional and 20 angel.
Investors in PassFort Limited
PassFort Limited has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Worldpay, Moody's and Seedcamp.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of a program turning individuals into funded technology company founders | joinef.com | London, United Kingdom | ||
Multiple sectors are invested in by OpenOcean venture capital fund. | openocean.vc | Helsinki, Finland | ||
Seed & early-stage tech-focused venture capital firm | episode1.com | London, United Kingdom | ||
Middle-market growth capital investments are targeted by Level Equity. | levelequity.com | New York, United States | ||
Venture capital fund investing in tech startups | 2007 | seedcamp.com | London, United Kingdom | |
SME loans are provided to businesses in the United Kingdom. | 2014 | shardcreditpartners.com | London, United Kingdom | |
Payment services and analytics solutions are provided for businesses. | 1993 | worldpay.com | London, United Kingdom | |
Financial databases for credit ratings and analytics are maintained. | 1909 | moodys.com | New York, United States | |
LD Lawrence Dubir-Alai | unknown_0614fe9435ab4f0da | |||
JW John Willfred Lazer | unknown_296f17d7ef18402eb |
Investor details for PassFort Limited
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People of PassFort Limited
2 people are tracked at PassFort Limited (2 in leadership); the tracked headcount is 32.
| Name | Role | Group |
|---|---|---|
Henry Charles Irish | Co-Founder & CPO | Leadership |
Stuart George Dawson | Co-Founder & Executive Chairman | Leadership |
Complete people profiles for PassFort Limited
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Timeline of PassFort Limited
5 dated milestones of PassFort Limited across 6 years, from founding to its latest funding, stage changes and deals.
- Founded PassFort Limited is founded.
- Funding First funding round of $66K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Venture, of $4.9M.
- Exit Acquired by Moody's.
Top companies in Regulatory & Compliance Tech
3 companies that operate in the same segment as PassFort Limited (Regulatory & Compliance Tech) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based anti-money laundering solutions are provided for compliance. | 2014 | London, England, United Kingdom | USD 167.21 M | USD 45.67 M | 443 | |
AI-powered data and decision intelligence solutions are provided for businesses. | 2016 | London, England, United Kingdom | USD 545.02 M | USD 161.29 M | 886 | |
Identity verification solutions are provided for multiple industries digitally. | 2014 | London, England, United Kingdom | USD 48.99 M |
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Related news about Passfort Limited
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Frequently Asked Questions about PassFort Limited
PassFort Limited was founded in 2015.
PassFort Limited is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
PassFort Limited is a funded company, having raised a total of $17.51M across 6 funding rounds to date. The company's 1st funding round was a Seed of $66.2K, raised on Jun 2015.
PassFort Limited has 32 employees.
PassFort Limited was founded in 2015 in London, United Kingdom. Digital compliance tools are offered to businesses for automating and streamlining Know Your Customer (KYC) and Anti-Money Laundering (AML) processes in regulated markets. A digital onboarding platform is utilized, along with customized workflows, to manage compliance tasks and minimize non-compliance risks through software integration.
PassFort Limited offers Passfort Lifecycle, Moody's Maxsightâ„¢ Entity Verification API, Grid for Screening, and Orbis for Compliance.
PassFort Limited has 28 investors. Key investors include Worldpay, Moody's, Seedcamp, Shard Credit Partners, and Entrepreneur First.
The valuation of PassFort Limited is $14.81M as of Aug 2018.
PassFort Limited operates through Passfort Limited.
Yes. PassFort Limited was acquired by Moody's in December 2021.