Steward, an AI-powered platform focused on AML and KYC, has announced $5 million in funding. The goal is to improve automation in compliance operations, particularly for onboarding investors with complex profiles and ongoing monitoring.

Features and Integrations

The Steward platform integrates several features, including document collection, screening, risk assessment, and periodic reviews. It uses AI to interpret complex and transnational ownership structures. A key aspect is the ability to create secure and shareable "Investor Profiles," facilitating the exchange of compliance data between companies.

Efficiency and Clients

Steward claims that its system enables same-day onboarding in 80% of cases, regardless of investor complexity. Its clients include Connect Ventures, Unruly Capital, IAB Group, Motive Partners, and Outward VC, as well as several Tier 1 institutional allocators.

Future Prospects

With offices in New York and London, Steward plans to use the new funding to expand product capabilities and scale its team. The company aims to address inefficiencies in the investor onboarding process, an area that often requires manual reviews and fragmented communications.