MCO, the provider of MyComplianceOffice, has secured more than $100 million in growth financing from Accel-KKR Credit Partners to fund product development, artificial intelligence (AI) capabilities and market expansion.
The company plans to expand its technology team and invest further in its integrated compliance platform. MyComplianceOffice brings together controls for employee activity, communications, financial transactions and third-party relationships, allowing compliance teams to manage related data and evidence within one system.
MCO has expanded the platform over the past year to address digital assets and prediction-market personal trading. It has also added AI-supported trade-alert summaries, intent-based communications monitoring and policy assistance. These capabilities cover parts of the workflow where firms must connect employee conduct, trading activity and communications evidence.
Brian Fahey, founder and chief executive officer of MCO, said: “We are expanding our technology team, investing even more deeply in product development and AI-powered solutions, innovating faster, and continuing to deliver the integrated compliance platform that financial services needs.”
The financing extends a relationship between MCO and Accel-KKR that began in 2020. Accel-KKR Credit Partners provides financing to software companies, including non-dilutive investments for founder-owned businesses and flexible credit products for institutionally owned firms. It has completed more than 100 investments and deployed $1.7 billion, according to the announcement. MCO says more than 1,500 companies across over 125 countries use its software.
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