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Castle Creek Launchpad Invests In Riskscout, Closing Seed Round

PRIVATEJul 20, 2023

Round Type

Seed

AustinInformation TechnologyFinancial ServicesSoftwareFintechBanking

Investors

Launchpad CapitalCastle Creek Capital

Description

AUSTIN, TX / July 20, 2023 / RiskScout, a leading regulatory technology company specializing in compliance automation, announced today that it has secured its final investment in its seed round from Castle Creek Capital and Launchpad Capital's joint fund backed by community banks.

Quick answer

RiskScout raised an undisclosed amount in a Seed round, dated July 20, 2023. Investors: Launchpad Capital and Castle Creek Capital. RiskScout is based in Austin, Texas, United States.

How much did RiskScout raise?
RiskScout raised an undisclosed amount in a Seed round on July 20, 2023.
Who invested in RiskScout?
Launchpad Capital and Castle Creek Capital are named as investors in this round.
What does RiskScout do?
We believe the key to financial access for higher-risk legal businesses and individuals is by providing expert guidance and efficient technology solutions to reduce the operational burdens of BSA and the back office;..
Where is RiskScout based and how big is it?
RiskScout is based in Austin, Texas, United States. Fundz records about 31 employees.
Who are the decision-makers at RiskScout?
Fundz holds 1 contact at RiskScout. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Fintech around the same time

Companies in the same sectors as RiskScout that raised within 45 days of this round, from Fundz verified event records.

  • Emtech Solutions raised $4M (Seed) on August 4, 2023.
  • Emtech Solutions raised $9.8M on June 6, 2023.
  • Translucent raised $6.3M (Seed) on August 23, 2023.
  • Traction raised $6M (Seed) on August 1, 2023.
  • Streamex Corp. raised $2.2M (Seed) on July 31, 2023.
  • Mercury Financial raised $200M (Funding Round) on July 26, 2023.

Who to call at RiskScout, and when

A new round usually means RiskScout is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day RiskScout raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at RiskScout, from your own LinkedIn network

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Company Information

Company

RiskScout

Location

Austin, Texas, United States

About

We believe the key to financial access for higher-risk legal businesses and individuals is by providing expert guidance and efficient technology solutions to reduce the operational burdens of BSA and the back office; empowering financial institutions to support even the most complex relationships. After decades of developing enterprise software for financial institutions, pioneering cloud banking and infrastructure, and writing regulatory compliance as part of the FFIEC, our team of experts came together to solve a big problem for community financial service compliance. Small to medium sized businesses in higher risk and specialty markets are not able to access financial services because community financial institutions lack the resources, expertise, or infrastructure to expand their business portfolio into higher-risk markets. This compliance barrier leaves many hard-working entrepreneurs without the financial services they need to grow their business. For RiskScout, that is unacceptable. By helping financial institutions solve complex compliance with simple solutions, we help local businesses in higher-risk markets find a community partner like you they can trust.

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RiskScout raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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