MCO (MyComplianceOffice) has secured more than $100 million in strategic growth financing from Accel-KKR Credit Partners, the private credit arm of Accel-KKR. The two go back to 2020, when Accel-KKR first partnered with the company.
MCO makes compliance software for financial services firms. Banks, asset managers and brokers have to monitor what their employees trade, who they talk to, which gifts they accept and which outside businesses they’re involved in. They also have to vet the third parties they deal with. Most firms still spread that work across separate tools. MCO puts it all on one platform, now with AI built in.
More than 1,500 firms in over 125 countries use it.
Where the money goes
The financing will grow MCO’s technology team, speed up product development, especially its AI features, and fund expansion into new markets. Founder and CEO Brian Fahey says MCO is “fundamentally changing how compliance is managed” by bringing processes and data together in one place and running AI across them.
Samantha Shows, managing director at Accel-KKR, calls the company’s technology “cutting edge” with “clear value to clients.”
Why credit instead of equity
Private credit has become a common way for profitable, mature software companies to fund growth without giving up more ownership. For a company with 1,500 paying clients and long contracts, a nine-figure credit line is often cheaper than a new equity round. MCO has one now, and it plans to spend it on AI.