Spotlight on Shield Compliance, the developer of a compliance platform intended to manage risk and operational demand associated with the legalized cannabis banking industry.
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
Published October 17, 2023.
