Ascent RegTech

About:

Ascent RegTech is a regulatory compliance risk management platform for financial services, mortgage lenders, and fintech industries.

Website: http://www.ascentregtech.com

Twitter/X: ascentregtech

Top Investors: Wells Fargo, University of Chicago, Drive Capital, ING Group, Polsky Center for Entrepreneurship and Innovation

Description:

Ascent provides a cost-effective, AI-powered regulatory compliance solution that streamlines and simplifies compliance processes, minimizing risk and maximizing efficiency even in complex, multi-jurisdictional operating environments. Ascent's solution goes beyond just identifying applicable regulations by providing businesses with a comprehensive understanding of their obligations under each regulation. This helps streamline compliance processes, minimizing risk, and maximizing efficiency. With Ascent, compliance becomes an integral part of your business operations, seamlessly integrating with your internal policies, procedures, and operations. Our automated system eliminates the need for businesses to spend time and resources researching and sifting through irrelevant regulations, enabling them to focus on core operations and gain a competitive edge. The system also provides a robust audit trail and integrates with your preferred tracking tool, making it easy to generate reports and monitor compliance activities. By staying ahead of regulations and avoiding non-applicable regulations, our solution helps you maximize efficiency and scale your business. Ascent's cost-effective solution ensures that businesses remain in compliance at all times, even with rule changes, new regulations, or increased regulatory scrutiny. With Ascent, compliance becomes a strength rather than a burden, allowing businesses to confidently navigate the ever-changing regulatory landscape.

Total Funding Amount:

$26.7M

Estimated Revenue Range:

$1M to $10M

Headquarters Location:

Chicago, Illinois, United States

Founded Date:

2015-01-01

Contact Email:

sales(AT)ascentregtech.com

Founders:

Aaron Droba, Brian Clark, Shreyas Gosalia

Number of Employees:

11-50

Last Funding Date:

2019-10-15

IPO Status:

Private

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