Turning Know‑Your‑Business checks from snapshots to live streams.
London‑based Condukt emerged from stealth with a $10M seed round co‑led by Lightspeed and MMC Ventures, with Cocoa 🍫 joining.
Condukt's platform delivers continuous KYB: it pipes live business registry data and uses AI agents to monitor every customer 24/7, replacing periodic reviews.
Early adopters include Wise, Tide, Mollie, Rakuten, Shift4, Flatpay, and myPOS, who save time and reduce manual outreach.
The global compliance market spends $206B annually, and fines for AML failures exceed $6B, highlighting the need for automated oversight.
Condukt operates a SaaS model with usage‑based pricing. Its moat is a proprietary data infrastructure that harmonizes registries across Europe.
Founders Paulo G. and Bhasker R. (both ex‑Revolut and SumUp) built the system they wished they'd had in their previous roles.
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