Financial compliance can be a pretty dry affair—so much so that there are compelling business opportunities to be found for those who can help people to do less of it. One startup seizing on this opportunity is Greenboard, a platform for using AI to automate aspects of financial compliance, that has raised $15.5 million in a Series A funding round.
Base10 Partners led the round, which also drew participation from Y Combinator, General Catalyst through its acquisition of Wayfinder, Commerce Ventures, Transpose Platform, and Liquid2 Ventures. The funding follows on Greenboard’s $4.5 million seed round from 2024, which Base10 also led.
More than 500 financial institutions run their compliance programs on Greenboard, which now includes a conversational compliance platform called Greenboard Go. At a time when the breakneck progress of AI models is causing consternation among SaaS companies, Greenboard says most institutions are struggling with how to automate compliance solutions on their own.
“There are all these very specific compliance requirements around books and records that you’re not going to be able to vibe code,” Greenboard co-founder and CEO Dave Feldman told Fortune in an interview.
