ActiveComply, a RegTech company specialising in digital communication compliance for financial institutions, has secured a strategic growth investment from Level Equity.
The funding, announced alongside a leadership change, comes from New York-based growth equity investor Level Equity. The deal marks an important milestone for ActiveComply as it seeks to build on its position in the financial services compliance space.
Founded in 2018, ActiveComply provides software designed to help independent mortgage banks, banks, credit unions, mortgage brokers and insurers meet compliance obligations. Its suite of products – SocialShield, WebCompass and VirtualVerify – allows institutions to monitor and manage social media accounts, websites and remote working environments, ensuring adherence to federal and state regulations including TILA, RESPA and fair lending laws.
The new capital will be directed towards product innovation and expansion into new and existing markets. The company has over 130 customers nationwide, including many of the largest mortgage banks in the US, and sees the investment as critical at a time when the Federal Reserve’s recent rate cuts are expected to drive growth in its core mortgage market.
As part of the investment, ActiveComply has appointed Asif Alam as chief executive officer. Alam brings experience in scaling compliance platforms, having previously served as CEO of Compliance.ai and as chief strategy and revenue officer at ThoughtTrace, both of which were later acquired by larger firms.
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 said, “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 said it will continue to focus on helping institutions manage compliance challenges, protect reputations and streamline regulatory workflows.
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