Communication compliance startup LeapXpert raises $22m


LeapXpert, which stylises itself as the responsible business communication pioneer, has netted $22m for its Series A+ funding round.

Rockefeller Asset Management served as the lead investor, tapping its Technology Ventures Group. Uncorrelated Ventures, the Partnership Fund for New York City also joined the Series A+ round.

This capital will be used to meet the increased demand from the financial services industry, as well as grow in other industry verticals and bolster its partnership network. The RegTech company also hopes to further the development of it’s the LeapXpert Communications Platform with more vertical modules, a new public SaaS solution and more integrations.

The LeapXpert Communications Platform claims to be the first comprehensive communication and compliance solution for enterprises that successfully reconciles extremely flexible client communication with recordkeeping compliance, adherence to information security, and data governance.

Clients can leverage the technology to give employees a single corporate identity for business communication through iMessage, WhatsApp, SMS, Telegram, WeChat, Signal, LINE and voice calls.

All employees’ business communication can be recorded while their personal messages remain private. Meanwhile, clients communicate natively on their preferred messaging app.

This platform can also natively integrate with Microsoft Teams, allowing employees to compliantly communicate.

Uncorrelated Ventures founder and general partner Salil Deshpande said, “Of course, customers should be able to use iMessage, WhatsApp, SMS, Signal, Telegram, WeChat, or whatever to interact with their service providers.

“And financial institutions and other service providers should be able to communicate with those customers using Slack, Teams, or whatever else, while still respecting security, compliance, regulations, and governance. LeapXpert is really the only solution.”

LeapXpert has experienced three-times YoY growth in recent years.

The company previously closed its Series A round on an undisclosed amount it 2021.

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