About PassFort Limited
PassFort Limited is a company based in London (United Kingdom) founded in 2015 by Henry Charles Irish and Stuart George Dawson was acquired by Moody's in December 2021.. PassFort Limited has raised $17.51 million across 6 funding rounds from investors including Worldpay, Moody's and Seedcamp. The company has 32 employees as of December 31, 2020. PassFort Limited offers products and services including Passfort Lifecycle, Moody's Maxsight™ Entity Verification API, Grid for Screening, and Orbis for Compliance. PassFort Limited operates in a competitive market with competitors including PayPal, Zscaler, Chainalysis, Synchrony and New York Life Insurance, among others.
- Headquarter London, United Kingdom
- Employees 32 as on 31 Dec, 2020
- Founders Henry Charles Irish, Stuart George Dawson
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Phone
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Website
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Social
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- Legal Name Passfort Limited
- Date of Incorporation 28 Apr, 2015
- Jurisdiction LONDON, ENGLAND
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 6
- Last Round Debt – Venture — $4.9M
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First Round
First Round
(23 Jun 2015)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series A - PassFort Limited | Valuation | Level Equity | |
| Sep, 2021 | Amount | Debt – Venture - PassFort Limited | Valuation |
investors |
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| Aug, 2018 | Amount | Seed - PassFort Limited | Valuation | OpenOcean |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of a program turning individuals into funded technology company founders
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by OpenOcean venture capital fund.
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Founded Year | Domain | Location | |
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Seed & early-stage tech-focused venture capital firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PassFort Limited
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PassFort Limited
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Passfort Limited Comparisons
Competitors of PassFort Limited
PassFort Limited operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PayPal, Zscaler, Chainalysis, Synchrony and New York Life Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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Cybersecurity and zero trust solutions are delivered for secure networks.
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| domain | founded_year | HQ Location |
Blockchain data platform insights for cryptocurrency are delivered.
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| domain | founded_year | HQ Location |
Synchrony is engaged in providing credit cards and banking services.
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| domain | founded_year | HQ Location |
Mutual life insurance and asset management services are provided.
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| domain | founded_year | HQ Location |
Hybrid cloud infrastructure solutions are delivered for business management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Passfort Limited
Frequently Asked Questions about PassFort Limited
When was PassFort Limited founded?
PassFort Limited was founded in 2015.
Where is PassFort Limited located?
PassFort Limited is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is PassFort Limited a funded company?
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 $4.2M, raised on Jun 23, 2015.
How many employees does PassFort Limited have?
As of Dec 31, 2020, the latest employee count at PassFort Limited is 32.
What does PassFort Limited do?
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.
Who are the top competitors of PassFort Limited?
What products or services does PassFort Limited offer?
PassFort Limited offers Passfort Lifecycle, Moody's Maxsight™ Entity Verification API, Grid for Screening, and Orbis for Compliance.
Who are PassFort Limited's investors?
PassFort Limited has 28 investors. Key investors include Worldpay, Moody's, Seedcamp, Shard Credit Partners, and Entrepreneur First.
What is PassFort Limited's valuation?
The valuation of PassFort Limited is $14.81M as of Aug 2018.
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