Greenboard Raises $20M to Make Everyone a Compliance Champion

New funding and the launch of GreenboardGo mark the next phase of compliance operations, where employees can access policy-grounded guidance instantly while compliance teams remain fully in control. Read the full press release. 

Today we're announcing $20 million in total funding for Greenboard, including a previously unannounced $15.5 million Series A led by Base10 Partners. Y Combinator, General Catalyst, Commerce Ventures, Transpose Platform, Liquid2 Ventures, Kulveer Taggar, and strategic industry investors also participated.

Alongside the funding, we're launching GreenboardGo, a conversational AI-native layer built on top of a firm's compliance books and records. GreenboardGo answers employee compliance questions instantly with policy-grounded answers, routes decisions to the right compliance owner when judgment is needed, and prepares compliance tasks automatically for human review and sign-off.

In the video above, our co-founders Dave Feldman and Ed Schembor discuss why compliance has to move from storing information to acting on it, and what that shift means for the financial firms running on Greenboard today.

"For years, compliance work has lived in email threads, spreadsheets, and manual follow-ups. GreenboardGo changes that. Now every employee at a financial institution can access compliance at the speed of best-in-class AI. Our goal is to make everyone in finance a compliance champion, not just the people sitting in the compliance department."

— Dave Feldman, Co-founder & CEO, Greenboard

Compliance teams are being asked to do more with systems built for another era

The pressure on compliance teams is measurable. Between 2016 and 2023, employee hours dedicated to regulatory compliance at U.S. financial institutions increased 61%, while headcount grew only 20%. Nearly 90% of Chief Compliance Officers report broader responsibilities than they had three years ago.

Yet much of the infrastructure behind compliance still depends on fragmented workflows and reactive systems. A CCO preparing for an exam may still pull reports manually from multiple platforms, while compliance teams chase attestations through email and answer routine policy questions that rely on institutional knowledge held by a small number of people.

Meanwhile, regulators are shifting from “show me your policies” to “show me how your people follow them,” a change that exposes where current compliance infrastructure falls short.

From systems of record to systems of action

Most legacy compliance platforms were designed to store activity after the fact. They archive communications, record approvals, retain documents, and track historical events. Those functions remain important, particularly in regulated industries like financial services. But modern compliance programs also need systems that help employees make decisions in the moment.

That's the foundation behind GreenboardGo.

Because Greenboard already holds a firm's policies, workflows, communications, and supervision infrastructure, GreenboardGo can do something generic AI tools cannot. It can take action grounded in the firm's actual compliance program, not generic regulatory guidance.

Any employee can ask a compliance question and get an answer grounded in their firm's policies in seconds without escalating every question to the compliance team. When a question isn't clear-cut, GreenboardGo routes it to the right compliance owner and captures the decision automatically. The compliance team reviews, edits, and approves before anything is finalized.

Expert-in-the-loop is the architecture, not a feature

AI inside financial services raises an immediate question: who remains accountable for the final decision?

Our answer is unchanged. Compliance professionals are.

"Expert-in-the-loop isn't a feature. It's the architecture, pairing human precision with AI recall. The AI prepares reports, answers questions, and routes decisions, but nothing is finalized without a compliance professional reviewing and approving it. That's how you get both efficiency and control in a regulated industry."

— Ed Schembor, Co-founder & CTO, Greenboard

The goal isn't to remove human judgment from compliance workflows. The goal is to reduce operational friction so compliance professionals can apply their expertise where it matters most.

Why customers and investors are betting on this shift

We've seen this play out at firms like Root Financial, one of the fastest-growing registered investment advisors in the U.S., and at JMG Financial Group, where compliance leadership describes what changes when employees can self-serve policy questions:

"I've stood up a lot of technology in my career. I've done a lot of process changes, policy changes, and technology changes. And the thing I've heard the most positive feedback about is Greenboard. Employees absolutely love it."

— Adam Boyer, COO & CCO, JMG Financial Group

Base10 Partners saw the same operational shift:

"We look for companies that automate real operational work, not just surface information. Greenboard fits that exactly, taking workflows that used to require constant coordination and turning them into structured, repeatable processes with clear ownership and auditability."

— Rexhi Dollaku, General Partner, Base10 Partners

The foundation makes GreenboardGo possible

GreenboardGo works because it sits on top of a unified compliance operating system already running at more than 500 financial institutions, with over 99% customer retention. The platform includes 17a-4 compliant communications archiving with AI-native supervision, fully configurable employee compliance, marketing compliance automation, and firm compliance workflows built for collaboration and end-to-end diligence inside a single system.

That unified foundation matters. Most firms today still manage compliance across disconnected tools that were never designed to work together. Policies live in one system. Communications supervision happens in another. Attestations and employee disclosures happen somewhere else entirely.

When systems are fragmented, operational context becomes fragmented too.

A unified platform lets compliance decisions, documentation, supervision, and employee workflows operate from the same source of truth. That's the structure AI-native workflows need to function in a controlled and auditable way.

What we'll do with the funding

We'll use the new capital to accelerate GreenboardGo rollout, expand product development across supervision and workflow automation, and support the growing number of financial institutions consolidating compliance operations onto a single platform.

For our 500+ customer firms, this means faster access to GreenboardGo capabilities and continued investment across every part of the platform they already rely on.

The next phase of compliance operations

Greenboard was founded on the belief that compliance technology should do more than preserve records. It should help firms operationalize policies consistently across the organization, reduce unnecessary bottlenecks, and make it easier for employees to do the right thing in real time.

As regulators continue shifting from “show me your policies” to “show me how your people follow them,” compliance infrastructure has to become more operational, more connected, and more accessible to employees outside the compliance department itself.

The firms adapting fastest are treating compliance less like a centralized bottleneck and more like a shared operational capability across the organization.

That's the shift GreenboardGo is built to enable. Compliance is no longer just a system of record.

It's becoming a system of action.

‍‍

Read more: Full press release 

Media inquiries: [email protected]

‍