Footprint bags $25m to arm banks against AI-driven crime

Footprint

Footprint, the AI operating system for risk and compliance, has closed a $25m Series B funding round to accelerate the rollout of its agentic platform for financial institutions.

The round was led by QED Investors, with participation from MUFG, Commerce Ventures, LightBank and Alumni Ventures, alongside continued backing from existing investors Index Ventures, Lerer Hippeau, BoxGroup, Operator Partners and Animal Capital.

The fresh capital will be used to double Footprint’s engineering and sales headcount as the firm pushes ahead with Percy, which it describes as the first end-to-end AI operating system built specifically for financial crime compliance, alongside Trust Fabric, the governed infrastructure that underpins it. Part of the funding will also go towards opening a new San Francisco office as the company scales its agentic AI infrastructure for large financial institutions.

Percy sits at the centre of Footprint’s offering, working through every case, flagging every relevant finding and carrying out standard operating procedures with a level of speed and accuracy comparable to a trained analyst, rather than relying on the fixed rule sets used by older systems.

Staff can query the tool or build fresh workflows using plain English rather than code, while each investigation is logged with citations, timestamps and a complete audit trail intended to satisfy regulators.

Trust Fabric, meanwhile, forms the governed layer beneath Percy, building what the company calls a superintelligent form of organisational memory. It links related signals across different customers and cases, so that findings and precedents from one investigation become immediately accessible to teams working on KYC, sanctions and monitoring, helping them spot fraud rings and repeat offenders that might otherwise slip past human reviewers.

The infrastructure also offers agent assurance, checking on an ongoing basis whether AI agents are sticking to policy and drawing on evidence correctly, while giving quality assurance staff visibility into the trace behind each finding.

Footprint builds AI-powered systems and workflows that support financial-crime compliance work, covering areas such as anti-money laundering, enhanced due diligence, know-your-customer and know-your-business checks, and transaction monitoring investigations, for banks and FinTechs.

The company’s technology is already in use among compliance teams at banks regulated by the FDIC and OCC, as well as FinTechs including Bilt, Nuvei and MoonPay. Its platform is pre-integrated with hundreds of leading data sources and vendors, among them LexisNexis and ComplyAdvantage, enabling Percy to check its findings against trusted sources of truth.

Footprint CEO and co-founder Eli Wachs said, “With this raise, we’re doubling down on the thesis that risk operations will be re-envisioned for the AI-native era.

As AI expands the volume of financial crime in the global economy, we’re building the agentic defense system that can expand to meet and defeat it.”

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