ActiveComply, a RegTech company specialising in digital communication compliance management for banks, credit unions, independent mortgage banks and insurers, has secured a strategic growth investment from Level Equity.
The deal, which marks a significant milestone for the firm, comes as the Federal Reserve’s recent rate cuts are expected to boost growth in the mortgage market, a key area of focus for ActiveComply. Level Equity, a growth equity firm with a track record of backing SaaS companies, will become the majority investor through this partnership.
Founded in 2018, ActiveComply provides compliance automation software designed to help financial institutions manage risk across social media, websites and remote workspaces. Its suite of products includes SocialShield, WebCompass and VirtualVerify, which enable users to detect unauthorised accounts, track missing disclosures and comply with federal and state regulations such as TILA, RESPA and fair lending laws. The firm currently supports over 130 financial institutions across the US, including several of the country’s largest mortgage banks.
The fresh capital will be used to accelerate ActiveComply’s expansion into new markets while enhancing innovation across its product suite. The company said the investment would strengthen its ability to deliver compliance solutions at a time of increasing regulatory scrutiny and growing reliance on digital communications.
In line with the transaction, ActiveComply has also appointed Asif Alam as its new chief executive. Alam previously led Compliance.ai, a regulatory change management platform acquired by Archer Integrated Systems, and served as chief strategy and revenue officer at ThoughtTrace, which was later acquired by Thomson Reuters. His background in scaling compliance technology firms is expected to guide ActiveComply through its next phase of growth.
ActiveComply co-founders Rob Nunziata and Mike Prince said, “We are very excited to welcome Level Equity as a strategic partner. With Level, we gain a highly experienced investor who has a strong track record in supporting SaaS companies. The investment enables ActiveComply to strengthen product innovation and accelerate growth in existing and new markets.”
ActiveComply CEO Asif Alam said, “The financial services industry is undergoing a profound shift as digital communication and social media become central to client engagement. With this transformation comes heightened regulatory and reputational risk. ActiveComply is uniquely positioned to help institutions navigate this new era with confidence by delivering the next generation of compliance solutions. I’m excited to lead the company at such a pivotal moment.”
Level Equity partner Nick Berardo added, “As the financial services regulatory environment becomes increasingly complex, the market for the next generation of digital communications compliance software has accelerated. We are excited to build upon ActiveComply’s capability in providing customer-centric innovation and service. We look forward to backing Asif and his impressive vision for growth in the coming years.”
With Level Equity’s support, ActiveComply plans to continue expanding its role as a trusted compliance partner, helping financial institutions meet regulatory demands while protecting their brands and streamlining operations.
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