Footprint Raises $25M Series B to Scale AI-Native Financial Crime Compliance Platform

Footprint has secured $25 million in Series B funding to scale its AI-native financial crime defense platform. As generative AI enables a $1.3 trillion surge in illicit global activity, the investment signals a critical shift for fintech professionals from manual, spreadsheet-based compliance workflows toward automated, agentic systems that institutionalize investigative memory.

What was announced

Footprint has announced a $25 million Series B funding round to accelerate the development of its AI-native financial crime defense systems. The capital will be used to double the company’s engineering and sales teams as it advances two core products: Percy and Trust Fabric. Percy is an AI operating system for financial crime compliance, designed to automate policies and procedures while grounding investigations in trusted KYC, KYB, and AML data. Trust Fabric serves as the underlying governed infrastructure, creating a compounding "organizational memory" where every investigative decision becomes instantly available across an institution’s sanctions, monitoring, and due diligence functions.

The expansion comes as global illicit activity has surged by $1.3 trillion since 2023, reaching a total of $4.4 trillion. In the United States and Canada alone, the annual cost of financial crime compliance has surpassed $60 billion. Footprint’s platform aims to address these challenges by reducing the time required for complex tasks. Watchlist hits that previously required 30 minutes of manual review can now be resolved in less than a minute. Furthermore, enhanced due diligence processes that typically took three hours are now completed in under 15 minutes, with the system gathering 35% more evidence. The technology has already demonstrated an ability to uncover patterns missed by human reviewers, such as a sanctions match hidden across two Cyrillic transliterations of the same name. The system operates on an "agents propose, humans approve" model. The round was led by QED, with participation from MUFG, Commerce Ventures, LightBank, Alumni Ventures, Index Ventures, Lerer Hippeau, BoxGroup, Operator Partners, and Animal Capital.

"You and I would never find that. Never."

A bank's BSA officer.

The companies involved

Footprint, accessible at onefootprint.com, is an identity and compliance platform focused on re-envisioning risk operations for the AI era. The company’s latest funding round was led by QED, a venture capital firm with a significant footprint in the fintech sector. Supporting investors include MUFG, the global financial services group, and Index Ventures, a firm with extensive experience in scaling technology companies. Commerce Ventures, which has been featured in multiple FF News reports, also participated, alongside Alumni Ventures and LightBank. Other investors in the round include Lerer Hippeau, BoxGroup, Operator Partners, and Animal Capital.

The involvement of MUFG highlights the growing interest from major traditional financial institutions in AI-driven compliance solutions. Index Ventures and Commerce Ventures bring a wealth of experience in financial infrastructure, while QED’s leadership in the round underscores the market's shift toward agentic AI systems. These companies represent a cross-section of the venture and institutional landscape, reflecting the broad impact of financial crime on both established banks and emerging fintech players. Footprint’s focus on "organizational memory" through its Trust Fabric infrastructure positions it as a specialized provider in a market increasingly crowded by legacy KYC and AML vendors.

What FF News has reported before

FF News has closely followed the integration of AI across the financial services landscape. We previously reported on the emergence of AI-driven workforces in the lending sector with Kastle Raises $24M Series A to Transform Consumer Lending with AI Workforce Platform. The trend toward AI-native platforms has also reached wealth management, as seen in our coverage of Savvy Wealth Secures $100M Series C to Scale AI-Native RIA Platform for Independent Advisors. In the alternative investments space, we covered the launch of Aqua Secures $18.8M to Launch Industry’s First Turnkey Alternative Investments Platform. Furthermore, the industry’s focus on technological leadership was highlighted when Capitolis Names Former Bank of America MD Murugan Manickam as New CTO. These stories reflect a broader industry movement toward replacing legacy infrastructure with intelligent, automated systems.

What this means

The financial crime landscape is currently defined by a structural disadvantage for defenders. While bad actors have rapidly adopted generative AI to create synthetic identities and shell companies, many risk teams remain tethered to manual processes designed for a pre-digital era. This announcement signals a shift from simple automation to "agentic" defense, where AI systems handle the bulk of investigative labor. The move puts significant pressure on legacy KYC and AML providers that rely on static data rather than compounding organizational memory. The central challenge for the industry will be maintaining the "human-in-the-loop" approval process as the volume of AI-generated threats continues to scale beyond human capacity.