ActiveComply, the leading digital communication compliance management platform for Independent Mortgage Banks, Banks, Credit Unions, and Insurers, announced a strategic investment from growth equity firm Level Equity. This partnership marks a major milestone in ActiveComply’s mission to help financial institutions protect their brands and navigate an increasingly complex regulatory environment. The growth investment comes at a critical time as the federal reserve’s recent rate cuts are expected to accelerate growth in ActiveComply’s core mortgage market.
Founded in 2018, ActiveComply provides mission-critical social media, website and remote workspace compliance software for Independent Mortgage Banks, Banks, Mortgage Brokers and Credit Unions. Its product suite, consisting of SocialShield, WebCompass, and VirtualVerify, enables institutions to uncover unauthorized accounts, identify missing disclosures, and ensure adherence to federal and state regulations such as TILA, RESPA, and fair lending laws. With more than 130 customers nationwide, including many of the country’s top mortgage banks, ActiveComply has become the go-to partner for digital compliance automation in the financial services sector.
“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,” said Rob Nunziata and Mike Prince, Co-Founders of ActiveComply.
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In conjunction with the investment, ActiveComply has appointed Asif Alam as CEO. Alam brings deep experience in scaling financial services compliance platforms. He previously served as CEO of Compliance.ai, a regulatory change management software company acquired by Archer Integrated Systems, and as Chief Strategy and Revenue Officer at ThoughtTrace, which was acquired by Thomson Reuters.
“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,” said Asif Alam, CEO of ActiveComply.
Nick Berardo, Partner at Level Equity, 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 as majority investor, ActiveComply will continue its mission of delivering purpose-built compliance solutions that empower financial institutions to stay ahead of regulatory demands while protecting their reputations and streamlining workflows.
Source: PRNewswire
