What Cygnetise does

Cygnetise Limited is a London-based fintech company founded in 2016 by Steve Pomfret that operates a blockchain-based platform for digital authorised signatory management. The platform provides immutable, tamper-proof records of who is authorised to sign on behalf of an organisation, with real-time updates and secure sharing of signatory data and bank mandates to banks, auditors, and counterparties. Its technical architecture centres on blockchain-backed audit trails, role-based access controls, multi-entity and multi-jurisdiction support, and granular administrative workflows that replace manual spreadsheets, PDFs, and email-based processes.

The product surface consists of a core platform and three specialised use-case modules: a Company Secretariat Application for governance and compliance, a Corporate Treasury Application for bank mandate management, and a Trading Compliance Application addressing MiFID II authorised trader list requirements. A standalone Signatory Risk Scorecard enables prospective customers to self-assess governance gaps. Customers are predominantly large enterprises across financial services (PwC, BNY Mellon, EFG, WTW, Tipalti), wealth and trust management (Stonehage Fleming, Evelyn Partners, Butterfield Trust, Union Bancaire Privée UK), fund administration (Vistra, Maples Group), FMCG (Bacardi), and government (Network Rail), with the platform operational in over 40 countries.

The company operates a SaaS subscription revenue model with multi-year enterprise contracts sold through direct field sales, with no publicly disclosed pricing. Marketing and demand generation run through content (100+ blog posts, white papers, case studies), podcasts (GovTalks, Category Visionaries), industry events, and a 600+ subscriber newsletter. As of September 2023, Cygnetise had raised approximately £2.5 million in pre-Series A funding led by Adjuvo with participation from US VC Massive, following an earlier 2023 investment from 1414 Ventures. The company maintains ISO 27001:2022 certification, is registered in the UK and US trademarks, and was included in the RegTech100 List 2024.

Name

Cygnetise

Legal name

Cygnetise Limited

Website

https://cygnetise.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Cygnetise is a London-based fintech that provides a blockchain-backed SaaS platform for managing authorised signatories and bank mandates, serving enterprise customers in financial services, treasury, governance, and regulated industries across 40+ countries.

Ownership category

akta.pro rank

Product category

Governance, Risk & Compliance (GRC) Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Authorization & Permissions (delegation, allowances, capability-based access, session keys) (FSAPACAJ)

akta.pro secondary industries

Permissioned Blockchain Platforms & Frameworks (Hyperledger, Corda, Quorum) (FSAPAIAA), KYC/Client Due Diligence & Participant Onboarding Controls (FSAFAKAF), Compliance Identity & KYC/KYB for Wallets (on-chain identity, reusable KYC, travel rule tooling) (FSAPACAL)

Keywords

• Signatory management software
• Bank mandate management
• Blockchain governance platform
• Company secretarial software
• Trading compliance software

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription (Platform Access): Cygnetise operates as a SaaS platform providing subscription-based access to its digital authorised signatory management solution. Customers pay for ongoing platform access, configuration, and support. The company targets enterprise clients (financial institutions, corporate treasuries, company secretarial teams) on multi-year contracts.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Cygnetise provides a blockchain-based SaaS platform for digital management of authorised signatories and bank mandates, giving enterprises real-time visibility, immutable audit trails, and tamper-proof records of who can sign on behalf of an organisation. The platform replaces spreadsheets, PDFs, and email-based signatory management with a secure, multi-entity, multi-jurisdiction system used by banks, corporate treasuries, and governance teams globally. Specialised modules address company secretarial governance, corporate treasury mandate management, and MiFID II trader compliance.

Product overview

Cygnetise offers a blockchain-based digital authorised signatory management platform positioned as the industry standard for managing authorised signatories and bank mandates. The core Cygnetise Platform serves as the foundational product, providing real-time visibility, auditability, and control through blockchain technology. Three specialised use-case modules address distinct business functions: the Company Secretariat Application for governance and compliance, the Corporate Treasury Application for bank mandate management, and the Trading Compliance Application for MiFID II requirements. A standalone Signatory Risk Scorecard tool enables organisations to self-assess their governance risk. The platform is trusted by global enterprises and replaces manual processes with digital workflows.

Differentiator

Problem solved

Functional benefit

Products and services

• Cygnetise Platform A blockchain-based digital application for managing authorised signatories and bank mandates, providing real-time visibility, auditability, and control for enterprise governance. Designed for global enterprises replacing manual spreadsheets, PDFs, and email-based signatory processes.
• Company Secretariat Application Use-case module on the Cygnetise Platform that empowers efficient governance and compliance for company secretarial functions, managing authorised signatories across entities and jurisdictions for corporate secretarial and governance teams.
• Corporate Treasury Application Use-case module on the Cygnetise Platform that innovates treasury operations with simple and secure bank mandate management for corporate treasury functions across multi-bank, multi-jurisdiction relationships.
• Trading Compliance Application Use-case module on the Cygnetise Platform that streamlines authorised trader compliance for MiFID II, managing trader lists and signing authority for trading operations at financial institutions.
• Signatory Risk Scorecard A standalone self-service assessment tool enabling organisations to evaluate their signatory risk level and identify governance gaps in authorised signatory management.

Quantifiable outcome

• 95% reduction in signatory maintenance time (Network Rail case study: from four weeks to one morning)
• +3 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Workiva: Workiva provides a broad GRC and ESG reporting platform used by regulated enterprises. It overlaps with Cygnetise in governance, risk, and compliance reporting, but operates a much wider platform beyond the signatory management niche.
• Computershare: Computershare provides corporate governance, entity management, and registered agent services to global enterprises. It competes with Cygnetise in governance administration, but offers services as a larger incumbent rather than a focused SaaS platform.

Others

• Tipalti: Tipalti is an accounts payable automation platform and a Cygnetise customer. While Tipalti is a downstream automation partner rather than a direct competitor, both serve overlapping finance and treasury buyers and benefit from joint go-to-market motions.

Emerging players

• Trovata: Trovata is a treasury management platform that connects to banks and automates cash positioning. It overlaps with Cygnetise in treasury and bank mandate workflows, though Trovata focuses on cash visibility rather than signatory authority management.
• Venminder: Venminder offers third-party risk management and vendor due diligence software used by financial institutions. It is adjacent to Cygnetise in regulatory compliance tooling but does not directly compete on signatory management.

Direct peers

• Kyriba: Kyriba is a cloud treasury management system that handles bank connectivity, payments, and mandate management. It competes with Cygnetise in the bank mandate and treasury signatory workflow, although Kyriba's primary focus is broader cash and liquidity management.
• Diligent: Diligent is a leading governance, risk, and compliance SaaS provider with entity management, board portal, and audit solutions. It directly competes with Cygnetise in the enterprise governance software space, particularly in entity management and authorised signatory workflows.
• Onfido: Onfido provides digital identity verification and KYC/AML compliance tooling used by regulated financial institutions. It is comparable to Cygnetise's CDD and compliance identity use cases, particularly for KYC onboarding controls on banking counterparties.
• BoardEffect: BoardEffect (part of Diligent) provides board portal and governance software to regulated and nonprofit organisations. It competes in adjacent governance workflows to Cygnetise, particularly around director and authority information management.
• Wolters Kluwer TeamMate: Wolters Kluwer's TeamMate and entity management solutions serve internal audit, compliance, and corporate governance teams at enterprises. These tools compete directly with Cygnetise's positioning as purpose-built governance software for regulated organisations.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cygnetise

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors5 records

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

M&A

Investments

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

Frequently asked questions about Cygnetise