Passfort

PassFort is a turnkey compliance solution for onboarding customers in regulated markets.

PassFort is a turnkey compliance solution for onboarding customers in regulated markets.

Visit website

http://passfort.com

Milestones

Series A with €4 million 2018 by OpenOcean Series B with $16.2 million in 2021 by Level Equity

Investment year

2018

Investment stage

Series A

Investment status

Exited

Deal team

Tom Henriksson

PassFort is a turnkey compliance solution for onboarding customers in regulated markets.

PassFort has developed a turnkey compliance platform designed to automate the collection, verification and secure storage of customer due diligence (CDD) data and documentation. The start-up was founded by Donald Gillies and Henry Irish with the mission to change the way compliance and trust were managed in regulated markets. Their software delivers a seamless onboarding experience for both customers and compliance teams that can be tailored to automate their Know Your Customer (KYC) processes.

News highlights

The market map for AI-enabled services: where to watch in 2025

The market map for AI-enabled services: where to watch in 2025

The services industry is experiencing a rapid transformation driven by artificial intelligence (AI). AI-enabled services businesses are redefining traditional models by enhancing efficiency, improving client outcomes, and delivering exceptional value.

Investment Associate

Why we invested in Authologic

Why we invested in Authologic

We are pleased to announce that OpenOcean led Authologic’s $8.2 million Series A funding round. Authologic is a global digital identity verification platform, streamlining KYC and AML processes with secure e-ID solutions to combat fraud and meet compliance.

OpenOcean welcomes three new team members: Joanna Graiver, Katariina Marttinen and Cyrus Hessabi

OpenOcean welcomes three new team members: Joanna Graiver, Katariina Marttinen and Cyrus Hessabi

We're excited to announce that the OpenOcean team is expanding with three exceptional new additions. Joanna and Cyrus have joined the London team as Investment Associates, while Katariina is joining the Helsinki team as Operations Manager.

General Partner