Condukt secures £7.6m from Lightspeed Venture Partners and MMC Ventures to scale compliance platform
The funding round was led by Lightspeed Venture Partners and MMC Ventures to accelerate expansion into financial institutions.
Condukt operates a compliance platform for financial services, employing real-time data and agentic solutions to automate know-your-business processes. The firm provides perpetual oversight capabilities to replace traditional manual checks.
Condukt has secured £7.6m in funding led jointly by Lightspeed Venture Partners and MMC Ventures, with participation from Cocoa Ventures. The capital will be deployed to accelerate expansion into traditional financial institutions, scale go-to-market operations, and hire engineering talent.
Founded by former Revolut, SumUp, and Square operators, the company provides automated compliance infrastructure that replaces static checks with continuous monitoring. The platform serves prominent fintech clients including Wise, Tide, and Mollie.
The investment arrives amid rising regulatory scrutiny and increasing compliance expenditures across the financial sector, positioning the firm to capture demand for perpetual oversight solutions.
From the founder
"Compliance should be a growth enabler, not a bottleneck. Our vision is an agentic onboarding solution that fully automates KYB checks. We designed Condukt as an always-on nervous system that lives and breathes real-time data. By combining this proprietary data infrastructure with AI agents, we eliminate repetitive checks and ensure compliance keeps pace with any business change."
Paulo Guichard
CEO at Condukt
Investor perspective
"Condukt is truly redefining compliance with its real-time data infrastructure, delivering a foundational shift from periodic to perpetual oversight. Having proven its technology with leading fintech firms, Condukt is now emerging from stealth with the commercial maturity and client base to lead a new category of always-on, agentic compliance."
Alex Schmitt
Partner, Lightspeed Venture Partners
Use of funds
- 01Expand into international markets
- 02Accelerate go-to-market
- 03Grow the team
