Green Check Verifies, a Bonita Springs, FL-based fintech provider of compliant cannabis banking solutions and business services, acquired Komplyd, a San Jose, CA-based provider f a purpose-built compliance-as-a-service platform designed for business applications targeting the cannabis industry.
The amount of the deal was not disclosed.
With the acquisition, GCV will further integrate with seed to sale (S2S) technologies and more connect the supply chain of the plant to the supply chain of commerce.
Led by CEO Rose Elliott, Komplyd offers a purpose-built compliance-as-a-service platform targeting the cannabis industry and enabling developers to integrate regulatory compliance features and analytics in their business applications.
GCV provides technology and advisory to more than 130 financial institutions and over 4,000 cannabis-related businesses. This acquisition follows other recent Green Check Verified developments, including a $6m Series A funding round led by Mendon Venture Partners, the close of the acquisition of PayQwick, which has been servicing underbanked cannabis businesses with payments and lending since 2015, and the January 2023 launch of a cannabis business services marketplace called Green Check Connect.
