Conduit Security
Conduit Security provides a SaaS wire fraud prevention platform that automates payment verification workflows, enforces callback procedures, and creates audit trails for investment managers, hedge funds, family offices, PE firms, and real estate developers.
- Company typePrivate
- Founded2020
- HeadquartersBaton Rouge, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Conduit Security does
Conduit Security is a private US SaaS company that sells a wire fraud prevention platform to investment managers, hedge funds, family offices, private equity firms, and real estate developers. Its product automates payment verification workflows, enforces dual sign-off and callback procedures, grades each transaction on a unique risk profile, and produces auditable diligence files for every wire, addressing the social engineering gap that traditional email security and cyber insurance do not cover. The technology stack is a single SaaS application accessible at app.conduitsecurity.com, with templates for rapid bank and treasury system integration reportedly enabling deployment within 48 hours, and integrations with Kyriba, Linedata, and Ventura Fund Services.
Conduit Security firmographics
Firmographics- Name
- Conduit Security
- Legal name
- Conduit Security
- Website
- https://conduitsecurity.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Conduit Security provides a SaaS wire fraud prevention platform that automates payment verification workflows, enforces callback procedures, and creates audit trails for investment managers, hedge funds, family offices, PE firms, and real estate developers.
- Ownership category
- akta.pro rank
Conduit Security industry classification
Industry- Product category
- Wire Fraud Prevention Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Credit Bureaus (561450)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Payments Fraud & Chargeback Prevention (HDADALAE)
Keywords
Where Conduit Security is headquartered
LocationHeadquarters
- HQ city
- Baton Rouge
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Conduit Security 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: Software-as-a-service subscription model for wire fraud prevention platform. The company provides workflow automation tools, verification controls, and risk intelligence to investment managers and financial firms. Pricing likely varies by firm size and transaction volume based on the enterprise-focused sales motion.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS subscription with quote-based pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Conduit Security product offering
Product offeringCore offering
Conduit Security provides a SaaS wire fraud prevention platform that automates payment verification workflows for investment managers, hedge funds, family offices, private equity firms, and real estate developers. The platform enforces best practices such as dual sign-off, out-of-band callback verification, and risk-graded transaction monitoring, while creating immutable audit trails for every wire transfer. It integrates with existing banking and treasury systems and can be fully deployed within 48 hours.
Product overview
Conduit Security offers a single unified SaaS platform for wire fraud prevention. The Conduit Platform serves as the core product, providing workflow automation for payment verification, codification of best practices, and smart risk intelligence for transaction monitoring. The Conduit App provides the user-facing interface for executing verification workflows. Together they enable investment managers and financial firms to enforce dual sign-off, conduct out-of-band verification calls, and maintain auditable records for every wire transfer. The platform includes rapid deployment capabilities that can be operational within 48 hours with bank integration templates.
Differentiator
Problem solved
Functional benefit
Products and services
- Conduit Platform The primary SaaS wire fraud prevention platform that automates payment verification workflows, enforces best practices through dual sign-off and approval chains, provides audit trails for all transactions, and grades each transaction on unique risk profiles to detect suspicious patterns before funds are sent. Built for investment managers, hedge funds, family offices, private equity firms, and real estate developers.
- Conduit App The user-facing application interface for the Conduit Platform, enabling finance and treasury teams to process wire transfers through structured verification workflows, conduct callback verification calls to known-good numbers, and maintain real-time visibility into payment authorization status.
Quantifiable outcome
- $2+ trillion protected with $0 client losses
- +2 more outcomes
Companies that use Conduit Security
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Conduit Security technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Conduit Security partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and major.
- Ventura Fund ServicescoreVentura Fund Services partners with Conduit Security to enhance wire fraud prevention and strengthen fund payment integrity for their fund administration clients.
- AbacusmajorJoint webinar on 'Protecting Investor Data and Funds in 2026' with Abacus exploring how leading investment firms protect against wire fraud threats.
- Altus PartnersmajorJoint webinar on 'Bridging the Gap: Insurance, Technology, and the Rising Threat of Wire Fraud' covering insurance coverage, wire controls, and practical strategies for PE and asset management firms.
- KyribacorePartnership enables finance and treasury teams to verify wire instructions in real time, streamline payments, and protect every transaction within a straight-line workflow integrated with Kyriba's treasury management platform.
- ArkmajorJoint webinar with NCFTA (National Cyber-Forensics and Training Alliance) exploring how VC and PE CFOs are strengthening workflows, managing vendor and LP data, and ensuring operational integrity.
- NCFTA (National Cyber-Forensics and Training Alliance)majorNCFTA joined with Ark and Conduit Security for a webinar on securing capital flows and data integrity for private fund CFOs.
- HFR (Hedge Fund Research)majorHFR hosted a webinar with CEO Ryan Castle exploring how AI is reshaping cybersecurity for financial institutions and payments security.
- LinedatacoreOngoing partnership involving interviews and content collaboration. Linedata is a financial services software provider serving buy-side firms, with Ryan Castle discussing wire fraud prevention best practices.
- NetDiligencemajorCEO Ryan Castle sat down with NetDiligence president Mark Greisiger to discuss wire fraud severity, scope, and solutions for businesses.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Conduit Security competitors and assessment
Company assessmentEmerging players
- Material Security: Email security and data-protection platform protecting sensitive workflows inside mail and collaboration tools. Competes for the BEC-prevention and account-protection budget that funds Conduit deployments.
- Cofense: Phishing detection and response platform combining crowd-sourced intelligence with email-security controls. Adjacent to Conduit in defending against the email-borne social-engineering attacks that trigger wire fraud.
- Abnormal Security: AI-based email security platform that stops business email compromise and account takeover — the upstream attack vector behind most wire fraud. Competes with Conduit in preventing the human-targeted step that triggers fraudulent wires.
- Sardine: Payment fraud and compliance platform primarily serving fintechs and digital banks. Provides fraud-scoring and risk decisioning across payments, adjacent to Conduit's wire-verification use case but with a different buyer profile.
- BioCatch: Behavioral biometrics fraud-detection platform that analyzes user behavior to stop account takeover and social-engineering fraud. Overlaps with Conduit on the human-element fraud risk that drives wire fraud losses.
- SlashNext: Phishing and BEC protection platform that detects malicious emails and fraudulent messages across channels. Adjacent to Conduit's social-engineering defense but operates upstream of the payment-execution step.
Direct peers
- Trustmi: Direct competitor in B2B payment fraud prevention. Trustmi uses AI to detect and prevent wire, ACH, and check fraud for enterprises, overlapping directly with Conduit's wire-verification workflow for finance teams.
- Doppel: Direct competitor focused on social engineering and digital risk protection. Doppel defends organizations against phishing, impersonation, and vendor-fraud attacks that lead to wire fraud, addressing the same attack surface as Conduit.
Broad incumbents
- Tessian (now Proofpoint): Email security platform focused on preventing data loss and impersonation/BEC attacks. Competes with Conduit for the BEC-prevention budget within enterprise security stacks and is now part of Proofpoint's broader messaging-security portfolio.
- NICE Actimize: Enterprise fraud management platform used by large banks and financial institutions. Provides cross-channel fraud detection including wire/ACH monitoring, addressing the same underlying problem as Conduit but at significantly larger institutional customers with broader product scope.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Conduit Security social profiles
Digital presenceConduit Security compliance and trust
Trust signalCompliance1 record
Conduit Security financial estimates
Financial estimateRevenue estimate
Valuation estimate
Conduit Security leadership team
Management profileNumber of profiles
Profiles10 records
Conduit Security funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Conduit Security 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 Conduit Security
What does Conduit Security do?
Conduit Security provides a SaaS wire fraud prevention platform that automates payment verification workflows for investment managers, hedge funds, family offices, private equity firms, and real estate developers. The platform enforces best practices such as dual sign-off, out-of-band callback verification, and risk-graded transaction monitoring, while creating immutable audit trails for every wire transfer. It integrates with existing banking and treasury systems and can be fully deployed within 48 hours.
Is Conduit Security a public or private company?
Conduit Security is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Conduit Security founded?
Conduit Security was founded in 2020. It employs 1 to 10 people.
Where is Conduit Security based?
Conduit Security is headquartered in Baton Rouge, United States, in the North America region.
How does Conduit Security make money?
One revenue line is on record: saaS Subscription.
Who are Conduit Security's main competitors?
Emerging players on record are Material Security, Cofense, Abnormal Security, Sardine, BioCatch and SlashNext. Direct peers are Trustmi and Doppel. Broad incumbents are Tessian (now Proofpoint) and NICE Actimize.
Does Conduit Security have an API?
No public API is recorded for Conduit Security.
What industry is Conduit Security in?
Conduit Security's product category is Wire Fraud Prevention Software. Its primary akta.pro industry code is HDADALAE, Payments Fraud & Chargeback Prevention. Its NAICS code is 522320 and its SIC code is 7320.