Themis Completes $9M Seed Round
Themis, a collaborative governance, risk, and compliance platform, announced recently it has secured $9M in seed investment to solve compliance and risk challenges stemming from cross-sector and cross-border partnerships.
The round was led by TTV Capital with participation from Felicis and existing investors Walkabout Ventures. Themis is the first platform that allows banks, fintechs, and cryptos to create a strong compliance environment instantly while enabling collaboration so industries can create standards together and push innovation forward. This technology will solve long-standing industry communication issues.
For the past year, Themis has been developing enterprise-grade software that is already being utilized by multi-million dollar companies, fintechs, and community banks. The company is now focused on hiring key executives and furthering partnerships in the industry and will use this latest funding to continue that momentum. Themis' solutions allow for customizable tech with a user-friendly interface, making it easier than ever for members of diversified industries to achieve their specific priorities from a singular compliance tool. Founded by industry veteran Neepa Patel, Themis' technology cuts down on the operational, time management, and financial costs associated with regulatory assessments.
"I witnessed and experienced firsthand the frustrations and pain-points from the lack of communication across companies when it came to compliance. I used my experience to create a modern collaboration platform to help companies create a strong compliance foundation that scales as the company grows in size and complexity," said Patel, CEO and Founder. "I am thrilled to have the participation of TTV Capital, Felicis, and Walkabout Ventures to help take Themis to the next stage in bridging the gap between innovation and regulation."
In less than a year, the team has developed a product that resonates with both established and innovative industries, such as crypto, looking to formalize regulatory standards.
(Source: Finextra)
Subscribe Now
