San Francisco-based Bretton, previously known as Greenlite, announced a $75 million Series B funding round led by Sapphire Ventures. The capital, raised less than a year after its Series A, comes as the company rebrands to reflect its ambition of setting a new standard for AI-driven financial infrastructure.
The big picture: Financial institutions typically spend 10-15% of their budgets on compliance, often relying on massive teams of human analysts or outsourced BPOs. Bretton provides AI agents that work alongside humans to handle mission-critical tasks like Anti-Money Laundering (AML) and Know Your Customer (KYC) investigations in minutes rather than days.
By the numbers:
- $5.35M: First-year BPO spend reduction reported by a $15B+ institution.
- 90%: Reduction in loan origination time for an FDIC-regulated bank.
- 50%: Faster onboarding for institutional clients at a Fortune 500 firm.
The catch: While Bretton aims to be the “new standard” for regulated work, it faces the immense challenge of maintaining 100% accuracy in a zero-tolerance regulatory environment. As seen in recent compliance automation shifts, even the most advanced models can struggle with the “messy data” of international shell companies or shifting sanction lists. If an AI agent fails to flag a genuine financial crime, the resulting multi-billion dollar fines fall squarely on the bank, not the software provider. Bretton must prove its “Trust Infrastructure” can withstand the scrutiny of the OCC and Federal Reserve just as reliably as the human veterans it seeks to augment.
Key Details
- Funding: $75M (Series B)
- Lead: Sapphire Ventures
- CEO: Will Lawrence
- Sector: FinTech / RegTech
