RiskScout, an Austin, TX-based regulatory technology company, raised an undisclosed amount in Seed funding.
The round was led by Castle Creek Capital and Launchpad Capital’s joint fund backed by community banks.
The company intends to use the funds to expand operations and its business reach.
Led by Justin Fischer, CEO, RiskScout provides cloud-based software that streamlines and simplifies compliance and processes. With its API-based technology, banks and credit unions can manage AML compliance, improve operational efficiency, open up new lines of business over the near-term, and adapt around systemic shifts in the marketplace to serve underbanked businesses and offer more financial services to their communities.
