AI compliance co-pilot for regulated financial institutions
HQ: New York, NY / London, UK | Founded: 2025 | Employees: 5 | Stage: Seed | Website: https://cardamon.ai
Cardamon is an AI compliance co-pilot for regulated financial institutions. The platform uses LLMs to automate regulatory compliance work including horizon scanning (monitoring regulatory changes), obligation mapping (linking regulations to business requirements), and gap analysis (identifying compliance gaps). Cardamon helps compliance teams and product teams at banks, fintechs, and asset managers launch regulated products up to 10X faster by reducing the manual compliance burden. Founded in 2025 by Areg Nzsdejan (CEO) and Dmytro Astakhov (CTO), who previously spent nearly 4 years together at Revolut. Nzsdejan was a Product Owner leading the Diversified Assets & Engagement teams, launching ETFs, EU stocks, and bonds to millions of customers. He previously worked as a management consultant at Oliver Wyman and studied Mechanical Engineering at Imperial College London. Astakhov was a Senior Software Engineer at Revolut leading backend development of ETFs and EU stocks. YC W25. Raised $500K from Y Combinator and Rebel Fund. HQ in New York, NY with an additional office in London, UK.
Cardamon addresses a critical pain point in financial services: regulatory compliance for launching new products. The founding team is strong — both spent ~4 years at Revolut building investment products at scale (ETFs, stocks, bonds). Areg as Product Owner led 14 engineers; Dmytro as Senior Engineer built the backend from scratch. They shipped to millions of users, so they understand both product and compliance intimately. The AI compliance space is hot but crowded — competitors include CUBE, Ascent, and other regtech platforms. Key advantage: the founders have actually launched regulated products and know the pain firsthand. Risk: enterprise sales cycles in regulated industries are long.
Browse: Home | Blog | About | All Startups A-Z | View full profile on StartupWiki