LegitScript, a specialist in merchant and product certification and monitoring, has acquired Kompliant, a compliance orchestration platform, to integrate automated full-lifecycle compliance solutions with its existing risk monitoring capabilities for financial services and payments providers.
This strategic acquisition aims to address the market’s need for greater efficiency, service reliability, and global scalability in merchant underwriting and risk management. LegitScript has provided risk detection expertise in over 60 high-risk areas across digital commerce and payments for more than 15 years, utilizing AI, human expertise, and market intelligence. Kompliant’s platform automates compliance processes from digital application to re-underwriting.
Payments companies frequently encounter challenges with traditional, fragmented onboarding systems that can cause delays, increase risk exposure, and contribute to merchant attrition. The integration of Kompliant’s advanced underwriting and compliance workflow automation with LegitScript’s established risk intelligence data and monitoring services is intended to create a unified product suite. This suite will streamline compliance operations throughout the payments ecosystem.
Scott Roth, CEO of LegitScript, stated, “This acquisition represents a major step forward in our mission to make the internet and payments ecosystem safer and more transparent. By integrating Kompliant’s compliance orchestration with LegitScript’s market-leading Merchant Risk Solutions, we are not just improving compliance – we are fundamentally redefining how payments companies manage risk and confidently scale growth. We capture the risk others miss, and now we can embed that protection directly into automated workflows for our clients.”
Kompliant’s technology has been shown to reduce onboarding times, thereby accelerating merchant activation and revenue generation. The combined platform will ensure comprehensive compliance across the entire merchant lifecycle, encompassing rapid digital application processing, automated KYB and KYC verification, and event-driven re-underwriting.
Leo Patching, CEO of Kompliant, commented, “Kompliant was founded to turn compliance into a growth superpower for the financial services industry, enabling effortless application, faster conversion, and a reduction in operating costs. Joining forces with LegitScript accelerates innovation and allows us to deliver global scale and unmatched data-driven insights to clients across the entire merchant lifecycle.”
LegitScript, headquartered in Portland, Oregon, is a global provider of Enterprise Risk Management Solutions, trusted by major search engines, e-commerce marketplaces, payment service providers, and social media platforms. Kompliant specializes in automating the compliance and risk lifecycle for financial institutions.
