Level One Fund supports the FinTech platform Kompliant

Level One Fund supports the FinTech platform Kompliant
Level One Fund supports the FinTech platform Kompliant

By Edlyn Cardoza


  • Compliance
  • Financial institutions
  • Compliant

Compliant, Level One Fund, Compliance, Underwriting, Financial Institutions, Kompliant Intelligence Platform, Venture Capital Fund, USAKompliant, a US-based compliance startup, recently closed a $14 million seed round led by Level One Fund. Kompliant solves end-to-end compliance lifecycle management through leading technology and innovative workflows. The platform automates many manual processes related to underwriting and monitoring for financial institutions.

The investment will accelerate Kompliant’s growth by using additional resources to scale its platform solutions and expand the Kompliant Intelligence Platform suite of merchant onboarding, underwriting workflow management and monitoring solutions.

Level One Fund, a growth-stage venture capital fund, has seen significant success investing in companies that are “transforming static industries.” The round also included existing investors, Casa Verde, with their track record of backing technology platforms such as Dutchie, Leaflink and Metrc. Other early investors include former Visa president John Partridge; Jonathan Weiner, founder of Money 20/20; Stuart Sopp, CEO of Current; and Mike Lohner, co-founder of DOSH and current chairman of Stella & Dot.

With this investment, Level One Fund Partner Andrew Stewart will join Karan Wadhera of Casa Verde, with Fiserv Global Business Solutions former Chairman Dan Charron, on Kompliant’s board.

Karan Wadhera, Managing Partner of Casa Verde, explained, “We first approached Brad to help develop a compliance solution specifically for high-risk industries. As the platform evolved, it was clear that Kompliant’s technology could be leveraged across the entire payments ecosystem.”

Kompliant was founded by FinTech veterans Brad Wiskirchen and Edward Katzin. The company works with leading payment processors and banks to resolve merchant compliance compatibility across sponsor banks, acquirer processors, ISOs, VARs, ISVs, gateways and the merchants they serve. Kompliant offers a standard set of protocols, data structures and interfaces across application management, application verification, insurance management and ongoing monitoring.

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“Payment organizations need to digitally transform their processes, and Kompliant has built a platform uniquely positioned to meet this need,” Andrew Stewart, Managing Partner of Level One Fund, shared. “We believe the team and technology are incredibly well positioned to succeed.”

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