What is Continuity?
Based in New Haven, Connecticut, Continuity specializes in RegTech solutions designed to streamline compliance and risk management processes for banks, credit unions, mortgage companies, and fintech firms. By integrating banking expertise, regulatory knowledge, and cloud-based technology, Continuity offers a robust platform that significantly reduces the regulatory burden and mitigates risk at a reduced cost. The company serves a substantial client base of hundreds of financial institutions across the United States and its territories. Its comprehensive product suite includes RiskAdvisor, VendorRisk, RegAdvisor® Pro, RegAdvisor® State, RegControls, ControlsBuilder, Policy and Procedure Management, and VendorComply, addressing a wide spectrum of regulatory needs.
How much funding has Continuity raised?
Continuity has raised a total of $18.6M across 7 funding rounds:
Private Equity
$2.1M
Unspecified
$1.1M
Unspecified
$2.3M
Other Financing Round
$2.2M
Private Equity
$550K
Private Equity
$10M
Debt
$350K
Private Equity (2009): $2.1M, investors not publicly disclosed
Unspecified (2011): $1.1M, investors not publicly disclosed
Unspecified (2012): $2.3M, investors not publicly disclosed
Other Financing Round (2013): $2.2M featuring Connecticut Innovations
Private Equity (2013): $550K, investors not publicly disclosed
Private Equity (2014): $10M with participation from River Cities Capital Funds and BancVue, Ltd.
Debt (2020): $350K led by PPP
Key Investors in Continuity
River Cities Capital Funds
River Cities Capital Funds is a growth equity firm that focuses on building high-potential healthcare companies by leveraging the interplay of medical devices, healthcare services, and healthcare IT. They invest in companies aimed at enhancing patient outcomes and improving care delivery.
BancVue, Ltd.
BancVue, Ltd., operating as Kasasa, is a financial technology and marketing services company founded in 2009. They provide technology and marketing products specifically for credit unions and small regional banks.
Connecticut Innovations
Connecticut Innovations is the state's strategic venture capital arm and quasipublic investment agency. They provide equity and debt financing, strategic guidance, and connections to help innovative companies in Connecticut scale, with dedicated funds for key sectors.
What's next for Continuity?
The substantial enterprise-level funding Continuity has garnered indicates a strategic push towards scaling its operations and expanding its market reach. With a focus on automating critical compliance and risk management functions, the company is well-positioned to capitalize on the increasing regulatory complexity faced by financial institutions. Future growth is likely to involve further development of its RegTech platform, enhancing its AI capabilities for predictive risk analysis, and broadening its client acquisition efforts within the U.S. financial sector. This capital infusion will be instrumental in solidifying its position as a leader in the RegTech space.
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