Ripjar announced a 40% increase in annual recurring revenue over the past 12 months while also securing additional primary capital investment from Long Ridge Equity Partners, underscoring continued confidence in the company’s position within the financial crime compliance market.
The growth has been driven by rising demand from financial institutions and corporations seeking more intelligent and efficient customer screening capabilities. Since 2024, Ripjar has increased its customer base by 200%, with the company now supporting more than 300 businesses globally, including large corporations and more than 20 tier 1 banks.
Ripjar said that 21% of the Global Systemically Important Banks (G-SIBs), as defined by the Financial Stability Board, now use the company’s technology to support financial crime prevention and regulatory compliance initiatives. Existing customers have also expanded their use of Ripjar’s platform across broader business operations.
The latest investment from Long Ridge Equity Partners follows the completion of its follow-on majority investment in November 2024. Long Ridge previously led Ripjar’s Series B funding round in September 2020 and has remained a long-term supporter of the company’s growth strategy.
Earlier this year, Ripjar appointed Matt Mills as chief executive officer after he initially joined the company as president and COO during the second half of 2025. The company said Mills is leading Ripjar through its next phase of growth and product expansion.
Among the company’s recent product milestones, Ripjar launched address screening capabilities within its screening platform in March 2026. The feature enables organizations to determine whether customers, counterparties, or transaction destinations share addresses with sanctioned or high-risk entities, an increasingly important requirement for regulatory compliance that many legacy systems do not provide.
Ripjar also ranked No. 20 in the 2026 Chartis Financial Crime and Compliance 50 rankings, marking the third consecutive year the company has placed in the top 20 of the global financial crime technology provider rankings. The company additionally ranked No. 4 for Core Technology and received recognition for innovation in artificial intelligence for the third consecutive year.
Founded in 2013, Ripjar provides anti-money laundering compliance technology and financial crime prevention solutions powered by explainable AI. Built using national security-grade technology, the platform is designed to improve the efficiency and accuracy of screening operations for financial institutions and enterprises worldwide. The company was founded by former members of the UK Government Communications Headquarters (GCHQ) and operates globally with headquarters in the United Kingdom.
KEY QUOTES:
“Our continued growth reflects a shift in how financial institutions and corporates are approaching risk. Tackling financial crime is becoming more complex due to increasing regulatory pressures and the acceleration of AI but legacy customer screening systems are struggling to keep pace. Reaching 300 customers and serving more than a fifth of the world’s G-SIBs shows that companies need and are demanding smarter, more intelligent approaches.”
Matt Mills, CEO, Ripjar
“Long Ridge is committed to backing category leaders and Ripjar continues to redefine the screening landscape. Since our initial investment, we’ve watched the team continually innovate with AI-first approaches to meet the needs of an increasingly complex market. This additional capital reflects our commitment to Matt’s leadership and the team’s unique ability to solve this market’s evolving challenges.”
Jason Melton, Partner, Long Ridge Equity Partners
