ATX Venture Partners Invests in RiskScout, a Leading Regulatory Technology Company
AUSTIN, Texas, April 11, 2023 (Newswire.com) - RiskScout, a leading regulatory technology company specializing in compliance automation, announced today that it has secured an investment from ATX Venture Partners, a prominent tech-focused venture capital fund that focuses on leading early-stage software investments across the US.
ATX Venture leads a handful of prominent backers in this investment round that RiskScout indicates will use the funds to accelerate growth, expand its product offerings, and invest in key partnerships to better serve community banks.
"We couldn't be more thrilled to have our round led by an Austin-based investment firm who has demonstrated their focus on FinTech that helps communities and the institutions that bank them," said CEO Justin Fischer. "This partnership is a testament to the strength of our local banking community and the innovative spirit that is so deeply ingrained in our state's culture. With their support, we can accelerate our mission of empowering community financial institutions to better serve their communities and drive economic growth."
"ATX is delighted to be a partner in RiskScout," said Brad Bentz, a partner at ATX. "We are excited about the opportunity and believe in its mission of enabling community banks and credit unions to serve a wider range of small business customers. We look forward to working closely with Justin and his team to help RiskScout achieve its full potential."
The partnership between ATX Venture Partners and RiskScout represents a major step forward for the banking industry, as it demonstrates the power of collaboration and innovation to drive growth and success in a rapidly evolving regulatory landscape.
For more information on the partnerships or RiskScout, please visit www.riskscout.com or contact Ethan Kratt at ekratt@riskscout.com.
About RiskScout:
After decades of developing enterprise software for financial institutions, pioneering cloud banking and infrastructure, and writing regulatory compliance as part of the FFIEC, our team of experts came together to solve a big problem for community financial service compliance.
Small to medium sized businesses in higher risk and specialty markets are not able to access financial services because community financial institutions lack the resources, expertise, or infrastructure to expand their business portfolio into higher-risk markets. This compliance barrier leaves many hard-working entrepreneurs without the financial services they need to grow their business. For RiskScout, that is unacceptable. By helping financial institutions solve complex compliance with simple solutions, we help local businesses in higher-risk markets find a community partner like you they can trust.
Source: RiskScout
