RiskScout Secures New Funding to Expand Financial Crime Prevention Platform
RiskScout, an integrated BSA/AML and fraud prevention platform for banks and credit unions, has closed its latest funding round led by LiveOak Ventures. The investment comes after a year of significant growth during which the company more than tripled revenue and expanded client base by over 250%. This surge reflects increasing demand as financial institutions face rising fraud losses and stricter regulatory scrutiny. RiskScout's platform unifies BSA/AML compliance with real-time fraud prevention, leveraging AI-driven automation to reduce manual workloads. The company plans to use the new capital for team expansion, enhanced integrations, and further development of its intelligent agents. With a focus on community banks and credit unions—from those managing under $100 million in assets up to institutions handling over $10 billion—RiskScout aims to continue scaling operations through 2026. The funding round also included participation from Castle Creek Launchpad, the Bankers Helping Bankers Fund, Alloy Labs, Brue2, and C3 Ventures. The company's leadership emphasizes its mission of equipping financial institutions with tools necessary for combating fraud effectively without increasing headcount.
