Passfort
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Passfort was a London-based regulatory technology company founded in 2015 by Donald Gillies and Henry Irish. Its SaaS compliance platform gave regulated financial firms automated Know Your Customer (KYC) screening, anti-money laundering (AML) checks and risk monitoring, pulling data from over 25 third-party providers into one onboarding workflow. The company raised a $16 million Series A in 2021 and employed 72 people at acquisition.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
Donald Gillies and Henry Irish found Passfort in London to automate KYC and compliance workflows for financial firms.
- Growth and funding
Passfort raises a $16 million Series A and grows to 72 employees while expanding its automated KYC/AML platform.
- Acquired by Moody's
Moody's Corporation acquires Passfort for an undisclosed cash sum, folding its KYC workflow platform into Moody's Analytics alongside the Orbis and GRID databases.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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