Financial institutions are facing increased scrutiny regarding their communications. Non-compliance with increasingly stringent regulations can lead to substantial fines, erosion of customer trust, and significant reputational damage.
We are delighted to officially announce our partnership with Umony, an AI-powered financial services communications compliance platform reshaping the future of digital communications governance. We are excited to share that we have been supporting Umony since the very first round and now to announce the Series A and new advisory board.
Founded by Dean Elwood and Anna Pitt-Stanley, the London, UK-based company is on a mission to help financial institutions detect risk and meet regulatory demands with AI-powered precision. The company is already trusted by over 100 international banks and many of the world’s largest mobile carriers.
Built by a team of former regulators and technologists, Umony combines deep regulatory experience with cutting-edge generative AI to automatically capture and analyse conversations across email, chat, voice, and video. This enables financial institutions to proactively detect risk, ensure regulatory adherence and unlock operational insight.
Dean Elwood, co-founder and CEO of Umony, highlights:
“From the start, our mission has been simple: make compliance smarter, faster and future-proof. With this exceptional advisory board and backing from top-tier investors, we’re ready to bring AI-powered compliance to every corner of the financial world.”
The new advisory board includes:
- Tracey McDermott – former Chief Executive of the UK Financial Conduct Authority (FCA) and Chief Compliance Officer at Standard Chartered Bank
- Dr.Thomas Wolf – co-founder and Chief Science Officer of Hugging Face
- Sally Dewar – former Director of Risk at the UK FSA and CEO AO Shearman Consulting
- Dr. Hemma Lomax – former U.S. SEC Prosecutor and Head of Compliance at Fortune 500 companies
- Stephen Sanders – former Chief Compliance Officer at JP Morgan
- Paul Ford – founder and former CEO of Acin
The advisors bring unmatched expertise to Umony’s next phase of growth, guiding strategy across regulatory insight, AI innovation and enterprise scaling.
On why we partnered with Umony, our Partner Tom Wilson highlights:
“It’s been an absolute joy working with Dean, Anna, and the whole Umony team. Their deep expertise and first-hand understanding of the regulatory pressures on communications in financial institutions are exactly what makes them so special – they’re using that knowledge to build a defining company for the AI era. We were lucky to back them from the very beginning, and the fact they’ve gone on to raise their Series A so quickly is a real testament to the product they’ve built and the scale of the opportunity ahead.”
We are excited to double down on our commitment and participate in Umony’s $15 million Series A round, alongside Notion Ventures and Crane Venture Partners. The funds will be deployed to accelerate the company’s expansion across major financial hubs, grow the engineering and AI research teams, deepen regulatory product features and scale customer acquisition globally.