Themis
Themis is a collaborative governance, risk, and compliance SaaS platform serving banks, fintechs, crypto firms, lenders, and payment companies. It accelerates partner onboarding, due diligence, and regulatory compliance through modular workspaces and AI-driven fraud detection following its Pasabi acquisition.
- Company typePrivate
- Founded2020
- HeadquartersAtlanta, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Themis does
Themis is a private software company that operates a modular, collaborative Governance, Risk, and Compliance (GRC) platform purpose-built for financial services firms including banks, fintechs, crypto exchanges, DeFi protocols, lenders, payment companies, and Banking-as-a-Service providers. Founded in 2020 and headquartered in Atlanta, the company positions itself as the first 'Compliance Collaboration' tool, addressing the friction that arises when banks and fintechs attempt to partner by replacing manual, siloed due diligence and documentation processes with structured collaboration workspaces that implement the 'Three Lines of Defense' model. The platform comprises approximately 19 specialized modules covering policies, procedures, documents, risk assessment, risk register, control inventory/mapping, vendors, issue management, change management, complaints (including FINRA Rule 4530), monitoring/testing, audits, key risk indicators, training, and form filling/conflict-of-interest disclosures. Underlying capabilities include automated risk scoring, assessment templates, aggregated dashboards, and shared predictive analytics, with AI-driven fraud detection added through the October 2025 acquisition of UK-based Pasabi.
Themis sells through a sales-led, enterprise field-sales motion targeting compliance decision-makers and C-suite buyers at financial institutions, with a 'Book Demo' call-to-action and quote-based custom pricing. The company does not disclose public pricing, operates on annual subscription billing, and offers a self-serve customer portal alongside direct sales. Marketing channels include industry conferences (Money20/20, FinovateFall), organic social (Twitter, LinkedIn), website content, and case-study-driven content marketing. Customer proof points include NBKC Bank (50% reduction in headcount for managing approvals), Continental Bank (25-30% time saved in due diligence), Hatch Bank (40% faster fintech partner onboarding), Zolve (50% faster vendor risk approval), and Evergreen (60% reduction in diligence completion time), alongside additional named customers Piermont Bank, Pacific West Bank, Blue Ridge Bank, Corpay, Finwise, Sunrise Banks, Brim, and Fluz.
Themis has raised $9 million in seed funding led by TTV Capital in April 2022, with participation from Felicis, The Fintech Fund, Walkabout Ventures, and FIS Impact Ventures; the company has not disclosed a subsequent priced round. It holds SOC 2 Type 1 certification (AICPA) and has received industry recognition including Best of Show at FinovateFall 2024 and a 2022 FinovateFall presenter slot. Founder and CEO Neepa Patel leads the company, which operates with a headcount in the 11-50 range.
Themis firmographics
Firmographics- Name
- Themis
- Legal name
- Themis
- Website
- https://askthemis.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Themis is a collaborative governance, risk, and compliance SaaS platform serving banks, fintechs, crypto firms, lenders, and payment companies. It accelerates partner onboarding, due diligence, and regulatory compliance through modular workspaces and AI-driven fraud detection following its Pasabi acquisition.
- Ownership category
- akta.pro rank
Themis industry classification
Industry- Product category
- Governance, Risk, and Compliance (GRC) Software
- NAICS
- Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512), Custom Computer Programming Services (541511)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Management Consulting Services (8742), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Governance, Risk & Compliance (GRC) Platforms (BPAEAPAA)
- akta.pro secondary industries
- Third-Party Risk, Vendor Due Diligence & Supply Chain Compliance (BPAEAPAG), Risk, Controls & Governance (GRC) Platforms (FSAFAOAG), Enterprise AI Governance, Risk & Compliance Platforms (Model Risk, Audit, Policies) (HDAEANAE)
Keywords
Where Themis is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Markets served
Themis business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Subscription: The platform appears to operate on a SaaS subscription model with enterprise licensing, given the presence of login portals, module-based offerings, and demo booking CTAs typical of B2B software platforms.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS subscription model - custom pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Themis product offering
Product offeringCore offering
Themis is a SaaS Governance, Risk, and Compliance (GRC) collaboration platform designed for banks, fintechs, credit unions, vendors, and crypto firms to accelerate partnership compliance and due diligence. It combines built-in collaboration workspaces implementing the 'Three Lines of Defense' model with prescriptive compliance modules covering policies, risk assessment, vendor management, audits, KRI tracking, training, and FINRA complaints. The platform delivers shared predictive analytics and automates compliance workflows, reducing partner onboarding time by 40-60% and cutting approval time by 50%.
Product overview
Themis is a modular SaaS Governance, Risk, and Compliance (GRC) platform organized around a 'Three Lines of Defense' model for financial services companies. The core Themis GRC Platform combines built-in collaboration workspaces, prescriptive compliance modules, and shared predictive analytics to accelerate partner/vendor onboarding and regulatory compliance. The platform offers approximately 19 specialized modules including Policies, Procedures, Documents, Risk Assessment, Risk Register, Control Inventory, Vendors, Issue Management, Change Management, Complaints, FINRA Complaints, Audits, KRI, Training, and Form Filler — serving banking, payment, lending, crypto, DeFi, exchange, BaaS, and credit card verticals. Themis acquired Pasabi (October 2025) to add AI-driven fraud detection capabilities to its portfolio.
Differentiator
Problem solved
Functional benefit
Products and services
- Themis GRC Platform The Themis GRC Platform is a modular SaaS governance, risk, and compliance (GRC) solution built around the 'Three Lines of Defense' model, combining collaboration workspaces with prescriptive compliance modules and shared predictive analytics to accelerate partnerships for banks, fintechs, credit unions, vendors, crypto exchanges, DeFi protocols, and BaaS providers. The platform includes integrated modules for Policies, Procedures, Documents, Risk Assessment, Risk Register, Control Inventory, Vendors, Issue Management, Change Management, Complaints, FINRA Complaints, Monitoring/QA Testing, Audits, Key Risk Indicators, Training, and Conflict of Interests. It is AICPA SOC 2 Type 1 certified and is offered on annual subscription with custom enterprise pricing.
- Pasabi AI Fraud Detection Pasabi is an AI-powered fraud detection capability acquired by Themis in October 2025 that identifies and flags unusual patterns associated with AI-driven financial fraud, including synthetic identity detection, spoofed channel monitoring, and automated transaction analysis. It is integrated into the Themis GRC platform to address rising costs associated with financial crime for banks, fintechs, and crypto firms.
Quantifiable outcome
- 40% reduction in time to onboard fintech partners
- +4 more outcomes
Companies that use Themis
Customer profileNamed customers13 records
Segments6 records
Ideal customer profiles3 records
Themis technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature6 records
Themis partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- PasabicoreThemis acquired Pasabi in October 2025 to strengthen its capabilities in combating AI-driven financial fraud. The strategic move underscores the increasing importance of advanced technology in financial security and aligns with rising costs associated with financial crime.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Themis competitors and assessment
Company assessmentEmerging players
- Vanta: Compliance automation platform originally focused on SOC 2 and security compliance, now expanding into broader GRC. Competes for the same fintech and mid-market financial services buyers as Themis with automated evidence collection.
- Drata: Continuous compliance automation platform with growing presence in fintech and financial services. Competes with Themis for compliance budgets at high-growth fintech and crypto firms via automated controls monitoring.
Direct peers
- LogicGate: Risk Cloud platform offering modular GRC workflows (risk assessment, third-party risk, policy management) sold to mid-market and enterprise financial services. Closest direct competitor on workflow-based, modular GRC sold to banks and fintechs.
- AuditBoard: Cloud-based audit, risk, and compliance management platform with strong penetration in financial services. Competes with Themis on audit workflows, control management, and risk registers inside banks and fintechs.
- Hyperproof: Compliance operations platform focused on control and evidence management. Targets similar mid-market and enterprise compliance buyers as Themis, particularly in regulated industries including financial services.
- ProcessUnity: Third-party risk and vendor risk management platform with deep use in banking and financial services. Directly comparable to Themis's Vendors and Risk Assessment modules for third-party due diligence at banks.
Broad incumbents
- RSA Archer (Regnology): Long-standing incumbent GRC platform with broad enterprise footprint including large banks. Competes across risk register, policy, vendor, and audit workflows with a much larger installed base than Themis.
- ServiceNow GRC: Enterprise platform vendor with a full GRC/IRM suite sold into large banks and financial institutions. Competes on integrated risk and compliance workflows with substantially greater sales scale than Themis.
- OneTrust: Broad trust intelligence platform covering privacy, GRC, ethics, and ESG. Sells into enterprise financial services and overlaps with Themis on policy management, risk, and third-party due diligence.
Regional players
- ComplyAdvantage: RegTech platform focused on AML/KYC and financial crime risk for banks, fintechs, and crypto firms. Complementary to Themis's GRC stack and increasingly adjacent following Themis's Pasabi acquisition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Themis social profiles
Digital presenceThemis compliance and trust
Trust signalCompliance1 record
Themis financial estimates
Financial estimateRevenue estimate
Valuation estimate
Themis leadership team
Management profileNumber of profiles
Profiles1 record
Themis funding detail
Funding detailFunding overview
Funding rounds2 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Themis M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Themis
What does Themis do?
Themis is a SaaS Governance, Risk, and Compliance (GRC) collaboration platform designed for banks, fintechs, credit unions, vendors, and crypto firms to accelerate partnership compliance and due diligence. It combines built-in collaboration workspaces implementing the 'Three Lines of Defense' model with prescriptive compliance modules covering policies, risk assessment, vendor management, audits, KRI tracking, training, and FINRA complaints. The platform delivers shared predictive analytics and automates compliance workflows, reducing partner onboarding time by 40-60% and cutting approval time by 50%.
Is Themis a public or private company?
Themis is a private company. It is classified as venture growth investor backed and is currently operating.
When was Themis founded?
Themis was founded in 2020. It employs 11 to 50 people.
Where is Themis based?
Themis is headquartered in Atlanta, United States, in the North America region.
How does Themis make money?
One revenue line is on record: saaS Subscription.
Who are Themis's main competitors?
Emerging players on record are Vanta and Drata. Direct peers are LogicGate, AuditBoard, Hyperproof and ProcessUnity. Broad incumbents are RSA Archer (Regnology), ServiceNow GRC and OneTrust. ComplyAdvantage is listed as a regional player.
Does Themis have an API?
No public API is recorded for Themis.
What industry is Themis in?
Themis's product category is Governance, Risk, and Compliance (GRC) Software. Its primary akta.pro industry code is BPAEAPAA, Governance, Risk & Compliance (GRC) Platforms, with a secondary code of BPAEAPAG, Third-Party Risk, Vendor Due Diligence & Supply Chain Compliance. Its NAICS code is 54151 and its SIC code is 7370.