Footprint Secures $25 Million Series B Funding to Scale AI Compliance Platform
Footprint, an artificial intelligence platform for financial crime compliance, has raised $25 million in Series B funding led by QED Investors. The round also included participation from MUFG and other venture firms such as Commerce Ventures and LightBank. This capital will be used to expand the company's engineering and sales teams while advancing its AI operating system, Percy, designed for risk management tasks like anti-money laundering and transaction monitoring. The funding aims to support Footprint’s expansion into a new San Francisco office and further develop Trust Fabric, an infrastructure that enhances compliance investigations by connecting signals across cases. The platform is already in use at FDIC- and OCC-regulated banks as well as fintechs such as Bilt, Nuvei, and MoonPay. Percy operates using plain English to allow teams to create workflows without coding while maintaining full audit trails for regulatory compliance. Trust Fabric ensures AI agents follow policy by continuously evaluating their actions against evidence.
Topics: AI Expansion Financial Compliance Fintech