Spotlight on: Shield Compliance

Description

Developer of a compliance platform intended to manage risk and operational demand associated with the legalized cannabis banking industry. The company provides transactional and operational transparency tools so banks and high-risk merchants can thrive securely by automating strict audit requirements, reducing the hassle of cash-heavy businesses, and offering customer-friendly tools, enabling financial institutions and banks to streamline compliance and scale their operations while accessing new sources of low-cost deposits

Most Recent Financing Status

The company raised $10.03 million of venture funding from undisclosed investors on February 6, 2020. Currently, the company was approved for $297,500 Paycheck Protection Program from JPMorgan Chase Bank, National Association in May 2020. The application cited 17 jobs to be retained with the financing.

Founder: Noah Carey

HQ Location: Seattle, WA

Employees: 34

Total Raised: $20.03M

Post Valuation$20.00M

Growth Rate: 0.59% (96th Percentile)

Size Multiple: 4.64x Median (82nd Percentile)

Institutional Investor:

  • Copia Investments

To learn more about Shield Compliance, visit their website or follow them on LinkedIn.

Source: Pitchbook, September 2023

About the author

Kristin Calve

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