Passfort
PassFort is a London-based Regtech SaaS platform that automates KYC and AML compliance for financial institutions and regulated businesses, offering identity verification, sanctions screening, and KYB/UBO checks. The company was acquired by Moody's Corporation.
- Company typePrivate
- Founded2016
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Passfort does
PassFort is a London-based Regtech SaaS company founded in 2015 that provides automated Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance solutions to financial institutions and other regulated businesses. The platform delivers identity verification, sanctions and politically exposed person (PEP) screening, KYB/UBO checks, and ongoing customer monitoring with audit trail capabilities, designed to support compliance teams operating across multiple jurisdictions. Co-founded by Donald Andrew Gillies (CEO) and Henry Irish (CPTO), PassFort scaled to 51-100 employees before being acquired by Moody's Corporation and integrated into Moody's KYC product portfolio.
The company operates on a subscription-based SaaS model, selling directly to enterprise clients in financial services through a sales-led motion with quote-based pricing typical of B2B compliance software. It targets banks, fintechs, and regulated firms seeking to replace manual compliance workflows with automated, multi-jurisdictional solutions. Specific pricing, contract values, and customer logos are not publicly disclosed.
PassFort raised approximately $16.2 million in Series A equity funding led by US-based Level Equity in September 2021, with participation from Episode 1, OpenOcean, Volution, and Entrepreneurs First. Concurrent debt financing of roughly $4.89 million came from Shard Credit Partners in the same period. Earlier capital included a 2019 debt facility from Shawbrook Bank and a 2015 seed round from Episode 1. Following the Moody's acquisition, PassFort operates as a subsidiary under Moody's corporate umbrella, with the brand retained as part of Moody's KYC offerings.
Passfort firmographics
Firmographics- Name
- Passfort
- Legal name
- PassFort
- Website
- https://passfort.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- PassFort is a London-based Regtech SaaS platform that automates KYC and AML compliance for financial institutions and regulated businesses, offering identity verification, sanctions screening, and KYB/UBO checks. The company was acquired by Moody's Corporation.
- Ownership category
- akta.pro rank
Passfort industry classification
Industry- Product category
- Regulatory Compliance Software
- NAICS
- Investigation and Personal Background Check Services (561611), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening) (FSAGAFAB)
- akta.pro secondary industries
- KYC/KYB, Identity Verification & Customer Due Diligence (FSAFAOAE), Customer Identity (KYC/CDD/EDD) & Onboarding (FSAMAMAA), Fraud, Risk, KYC/AML & Compliance Platforms (BPAMAFAI)
Keywords
Where Passfort is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Passfort 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: PassFort operates as a SaaS provider offering automated compliance services on a subscription basis to financial institutions and regulated businesses requiring ongoing KYC and AML compliance solutions.
Go-to-market motion1 record
Distribution channels1 record
Passfort product offering
Product offeringCore offering
PassFort provides an automated SaaS platform for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, enabling financial institutions and regulated businesses to verify customer identities, screen against sanctions and politically exposed persons (PEPs), and conduct Know Your Business (KYB) and Ultimate Beneficial Owner (UBO) checks. The platform streamlines onboarding workflows and ongoing customer monitoring to reduce manual compliance effort across multiple jurisdictions.
Product overview
PassFort is a Regtech company offering a unified SaaS platform for KYC and AML compliance automation. The platform provides identity verification, sanctions and PEP screening, KYB/UBO checks, and audit trail capabilities to help financial institutions and regulated businesses meet compliance requirements.
Differentiator
Problem solved
Functional benefit
Products and services
- PassFort KYC/AML Compliance Platform
Companies that use Passfort
Customer profileSegments1 record
Ideal customer profiles1 record
Passfort technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Passfort partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Moody'sflagshipBased on URL patterns (passfort.com redirecting to moodys.com/kyc/products/passfort), PassFort appears to have been acquired by Moody's Corporation, a major financial intelligence company. This suggests PassFort is now integrated into Moody's product portfolio as part of their KYC and compliance offerings.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
Passfort competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Passfort social profiles
Digital presencePassfort financial estimates
Financial estimateRevenue estimate
Valuation estimate
Passfort leadership team
Management profileNumber of profiles
Profiles3 records
Passfort funding detail
Funding detailFunding overview
Funding rounds6 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Passfort 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 Passfort
What does Passfort do?
PassFort provides an automated SaaS platform for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, enabling financial institutions and regulated businesses to verify customer identities, screen against sanctions and politically exposed persons (PEPs), and conduct Know Your Business (KYB) and Ultimate Beneficial Owner (UBO) checks. The platform streamlines onboarding workflows and ongoing customer monitoring to reduce manual compliance effort across multiple jurisdictions.
Is Passfort a public or private company?
Passfort is a private company. It is classified as corporate owned and is currently acquired.
When was Passfort founded?
Passfort was founded in 2016. It employs 51 to 100 people.
Where is Passfort based?
Passfort is headquartered in London, United Kingdom, in the Europe region.
How does Passfort make money?
One revenue line is on record: saaS Subscription.
Does Passfort have an API?
No public API is recorded for Passfort.
What industry is Passfort in?
Passfort's product category is Regulatory Compliance Software. Its primary akta.pro industry code is FSAGAFAB, KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening), with a secondary code of FSAFAOAE, KYC/KYB, Identity Verification & Customer Due Diligence. Its NAICS code is 561611.