RiskScout raises Series A as revenue triples in a year
What's the deal? RiskScoutDealroom has a profile for this one. Try Dealroom →, an Austin-based platform combining BSA/AML compliance and fraud prevention for banks and credit unions, has closed a Series A round led by LiveOak VenturesDealroom has a profile for this one. Try Dealroom →. Castle Creek LaunchpadDealroom has a profile for this one. Try Dealroom →, the Bankers Helping Bankers FundDealroom has a profile for this one. Try Dealroom →, Alloy LabsDealroom has a profile for this one. Try Dealroom →, Brue2, and C3 VenturesDealroom has a profile for this one. Try Dealroom → also participated.
By the numbers: RiskScout more than tripled revenue over the past year and grew the number of institutions it serves by more than 250%. Its customers range from community banks with under $100 million in assets to those managing more than $10 billion.
What's the endgame? Built by former BSA officers and bank examiners, RiskScout merges fraud prevention and anti-money-laundering compliance in a single platform that integrates with core banking providers. It uses AI-driven agents to automate time-intensive work such as alert investigation, customer risk profiling, and SAR and CTR filing preparation.
Why now? Fraud losses at community banks keep rising as fraud and money laundering schemes increasingly overlap, and regulators are pressing harder on BSA/AML program effectiveness. Many institutions face that pressure with lean compliance teams and legacy systems that treat the two problems separately.
RiskScout will use the capital to expand its automation and AI agents, deepen core-provider integrations, and scale its team, which now includes former compliance specialists and fraud examiners.
"This round means we can keep saying yes to banks and credit unions of every size, because no financial crime fighter should be under-equipped against bad actors," said Justin Fischer, co-founder and chief executive officer of RiskScout.
LiveOak partner Mike Marcantonio framed the bet on the founders' background. "The RiskScout team has sat in their customers' seats as BSA officers, fraud examiners, and regulators," he said.
The signal: Compliance tooling for smaller lenders is drawing investor interest as regulatory scrutiny grows and fraud tactics blur into money laundering. RiskScout's pitch — one platform doing the work of several without adding headcount — targets institutions that can least afford to build it themselves.
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