Condukt emerges from stealth with $10M to power next-generation compliance

London-based startup Condukt has emerged from stealth with $10 million in seed funding to provide a next-generation compliance platform for financial services. This development highlights the growing importance of advanced compliance solutions in the fintech sector and reflects the increasing regulatory scrutiny faced by financial institutions across Europe and beyond. The new funding round was led by Lightspeed Venture Partners, MMC Ventures, and Cocoa Ventures. Condukt's platform, founded in May 2023, offers a real-time compliance solution that uses an agentic approach. The company's technology provides actionable insights into business verification. It includes a proprietary real-time data layer that continuously synchronizes with clients' operations, automating manual compliance workflows, and monitoring business changes as they occur. Condukt's solution is designed to help financial institutions and fintechs manage rising costs and stricter enforcement environments. The platform already supports compliance operations for fintech companies, including Wise, Tide, and Mollie. With the new funding, Condukt plans to deepen partnerships with financial institutions and accelerate its go-to-market efforts.