Greenboard, an AI-native securities compliance platform used by more than 500 financial institutions, has raised $20m in total funding, with the announcement also revealing a previously undisclosed $15.5m Series A led by Base10 Partners.
The raise also drew backing from Y Combinator, General Catalyst, Wayfinder Ventures, Commerce Ventures, Transpose Platform, Liquid2 Ventures and Kulveer Taggar, as well as a number of strategic industry investors.
Alongside the funding disclosure, Greenboard is introducing GreenboardGo, a conversational AI layer built on top of a firm’s compliance books and records. The product enables staff to receive immediate answers to compliance queries, routes decisions to the relevant compliance expert, and automatically prepares compliance tasks ready for human review and sign-off.
Two firms already using the platform illustrate the operational benefits. Root Financial, one of the fastest-growing registered investment advisors in the US, says it has saved an estimated 24 hours per week on marketing reviews and other manual tasks since deploying Greenboard.
JMG Financial Group, another registered investment advisor, reports a 60% reduction in compliance onboarding time, more than ten hours saved weekly on communications surveillance, and the consolidation of functionality that had previously been spread across three separate legacy systems.
Founded in 2023 by Dave Feldman and Ed Schembor, Greenboard was built to help financial institutions navigate growing complexity in securities compliance. Its unified platform replaces fragmented legacy tools with a single system covering employee compliance, communications supervision, marketing review, third-party oversight and firm compliance operations.
Capabilities include 17a-4 compliant communications archiving with AI-native supervision, configurable employee compliance tools, marketing compliance automation and collaborative firm-wide workflow management.
Because Greenboard already holds a firm’s books, records, policies and workflows, GreenboardGo is able to take action grounded in each firm’s actual compliance programme rather than generic regulatory guidance. Staff can raise a compliance question and receive a response tied to their firm’s own policies in seconds, without needing to escalate routine queries to the compliance team. Where a matter requires further judgement, GreenboardGo routes it to the right compliance owner and captures the decision automatically. Nothing is finalised until a compliance professional has reviewed and approved it.
Greenboard co-founder and CEO Dave Feldman said, “For years, compliance work has lived in email threads, spreadsheets, and manual follow-ups. In the AI era, we’re increasingly seeing that regulators no longer tolerate manual processes as sufficient. GreenboardGo changes that. Now every employee at a financial institution can access compliance at the speed of best-in-class AI. Our goal is to make everyone in finance a compliance champion — not just the people sitting in the compliance department.”
Greenboard co-founder and CTO Ed Schembor said, “Expert-in-the-loop isn’t a feature. It’s the architecture, pairing human precision with AI recall. The AI prepares reports, answers questions, and routes decisions, but nothing is finalized without a compliance professional reviewing and approving it. That’s how you get both efficiency and control in a regulated industry.”
Copyright © 2026 FinTech Global
Copyright © 2018 RegTech Analyst
