a year ago

Condukt, a business verification startup founded by Revolut alumni, raises £2.5 million in pre-seed funding

  • Former Revolut employees Paulo Guichard and Bhasker Rao have raised £2.5 million in pre-seed funding for their stealth startup Condukt, which provides KYB (know your business) services

  • The funding round was led by Lightspeed and Cocoa, with participation from Tiny VC and Atomico

  • Condukt is one of many startups to emerge from Revolut, which is known as a “founder factory” for its alumni who have gone on to create successful businesses.

      • ProblemFinancial Services

      "verifying the identity of a company, its ownership structure and its business activities to ensure compliance and anti-money laundering (AML) processes before onboarding them as a customer"

      Solution

      "Condukt provides a business verification service, allowing companies to easily and quickly run KYB processes to onboard prospective business clients in a compliant way"

      Covered on