A financial services software startup, Greenboard, with headquarters in New York City, has raised $4.5 million in seed money.
Investors
- Base 10 Partners
- Rogue Capital
- Wayfinder Ventures
- Liquid2 Ventures
- Twenty Two Ventures
- Y Combinator
- Transpose Platform
Use of funds
The cash will be used by the company to expedite the development of an AI-powered platform that will eventually oversee all back office operations and the administration of all compliance programs for financial organizations.
About Greenboard
Under the leadership of CTO Ed Schembor and CEO Dave Feldman, Greenboard offers financial institutions an AI-native compliance operating system for use cases including communications archiving and know your employee (KYE). The startup wants to build on previous developments in financial recordkeeping by automating the initial information analysis needed to power back office and compliance procedures.
“With half the headcount, we will be able to help financial institutions operate their back office teams at a higher standard thanks to this fundraise and our partnership with Base10. We’re starting with compliance as there is such a great demand there among underserved people.”
Dave Feldman
