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Passfort

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uuid0000y4r

Namestring
Passfort
Legal namestring
PassFort
Websiteurl
passfort.com
Company typeenum
Private
Founded yearint
2016
Descriptiontext

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.

Short descriptiontext

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.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersLondon, United Kingdom
HQ citystring
London
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
kyc compliance software, aml compliance automation, identity verification platform, regulatory compliance tools, customer onboarding automation
Industry4 codes
1KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening)
CodeFSAGAFABPrimaryYes
2KYC/KYB, Identity Verification & Customer Due Diligence
CodeFSAFAOAEPrimaryNo
3Customer Identity (KYC/CDD/EDD) & Onboarding
CodeFSAMAMAAPrimaryNo
4Fraud, Risk, KYC/AML & Compliance Platforms
CodeBPAMAFAIPrimaryNo
NAICS code2 codes
  • Investigation and Personal Background Check Services561611
  • Financial Transactions Processing, Reserve, and Clearinghouse Activities522320
Product category
Regulatory Compliance Software
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1SaaS Subscription
TypeSubscription Recurring
Description

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.

crowdfundinsider.com
Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

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.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

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.

Product and service1 record
1PassFort KYC/AML Compliance Platform
Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Moody's
Strategic tierFlagshipTypeStrategic or Co-development Partner
Description

Based 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.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds6 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors7 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Passfort

Regulatory Compliance Softwarepassfort.com

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.

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

  • Kyc compliance software
  • Aml compliance automation
  • Identity verification platform
  • Regulatory compliance tools
  • Customer onboarding automation

Where Passfort is headquartered

Location

Headquarters

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

  1. 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 offering

Core 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 profile

Segments1 record

Ideal customer profiles1 record

Passfort technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Passfort partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Moody'sflagshipStrategic or Co-development PartnerBased 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 assessment

Market position

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Passfort social profiles

Digital presence

Passfort financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Passfort leadership team

Management profile

Number of profiles

Profiles3 records

Passfort funding detail

Funding detail

Funding 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 investment

M&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.

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Live signals
YouverifyBest Digital Onboarding Software for 2025 (Tested and Trust…Financial institutions are increasingly adopting digital onboarding software to automate customer registration, KYC, AML checks, and compliance processes. Several solutions such as Youverify, Workday, PassFort, Know Your Customer Software, Backbase, and Fernergo are highlighted for their features and industry applications.GoldenhillSaaS RegTech, Anti-Financial Crime & AutomationAn M&A advisory article argues that SaaS RegTech is the preferred way for businesses to automate anti-financial crime and compliance, citing rising fraud, online fraud up 232% from 2019 to 2021 per Feedzai, and 64% of UK businesses affected by economic crime. It projects RegTech at nearly $87 billion by 2028 and notes 2021 M&A and VC activity of $9.9 billion across 312 deals, including Moody's acquisition of Passfort.RegtechanalystThe benefits of automating AML and KYC checks for insurancePassFort, a Moody Analytics company, advocates for automating Anti-Money Laundering (AML) and Know Your Customer (KYC) checks in the insurance sector to enhance operational efficiency and improve customer experiences. The company highlights that manual processes are prone to error and costly, while rising fraud statistics underscore the necessity of automated compliance solutions to mitigate financial crime risks.RegtechanalystOneBanx taps PassFort for customer onboarding and complianceOneBanx, a UK-based shared banking innovator offering kiosks and smart ATMs in underserved communities, has selected PassFort's workflow solution to automate customer onboarding and Know Your Business (KYB) compliance procedures for its SME business customers. The partnership will enable OneBanx to streamline identity verification and meet AML standards while rolling out new features allowing business managers to deposit funds without requiring a bank card. PassFort's automation tools will help OneBanx manage compliance efficiently as it expands its services to a broader range of businesses.London TechWatchPassFort Raises £11.7M for its Platform that Automates Compliance for Financial Institutions – London TechWatchPassFort, a London-based RegTech company, has raised £11.7M in Series A funding, bringing total equity funding to £13.05M, with participation from Level Equity, Shard Credit Partners, OpenOcean, Episode 1, and Entrepreneur First. The platform automates KYC, KYB, and AML compliance workflows for financial institutions by integrating 25+ data providers, and Level Equity's Charles Chen will join the company's board. PassFort, which began commercializing in 2018, reports 90%+ gross margins, 54 customers, and 1,289 users, and plans to accelerate growth team expansion to establish category leadership in SaaS RegTech.FinSMEsPassFort Secures $16.2M in Series A FundingPassFort, a London-based SaaS RegTech platform, raised $16.2M in Series A funding led by Level Equity, with participation from existing investors and $4.89M in venture debt. The company will use the funds to expand its global growth plans, having onboarded over 5 million customers across 197 countries.CrowdFund InsiderRegtech PassFort Raises $16.2 Million Series A, Looks Towards Global ExpansionPassFort, a London-based Regtech firm providing automated financial crime and compliance services, raised $16.2 million in Series A funding led by US investor Level Equity, with participation from OpenOcean, Episode 1 and Entrepreneur First. The round included $4.89 million in venture debt from Shard Credit Partners, the first investment in its new UK tech-focused strategy, and Level Equity partner Charles Chen will join the board. PassFort serves customers across 211 jurisdictions.TechCrunchPassFort, a regtech SaaS for KYC and AML, nets $16.2MLondon-based PassFort has secured $16.2 million in a Series A funding round led by U.S. growth equity fund Level Equity, with participation from existing investors OpenOcean, Episode 1, and Entrepreneur First. The funding will propel PassFort's global expansion, as it aims to enhance its compliance solutions amid increasing demand driven by digital transformation and cybersecurity threats. PassFort has experienced revenue growth of approximately 2.5 times over the past year, highlighting its significant market momentum.