Themis

Themis (themis.com) sells governance, risk and compliance (GRC) software positioned as a "compliance collaboration" tool that helps companies accelerate partnerships with vendors, banks, credit unions and fintechs. The platform is organized into prescriptive modules covering policies, procedures, documents, marketing, issue management, change management, vendors, risk assessment, risk register, control inventory, complaints, monitoring and testing, training, FINRA complaints, audits, key risk indicators and a form filler, plus a marketplace. Its stated design centers on shared collaboration workspaces structured around the "three lines of defense" model, a real-time source of truth for compliance documentation, audit trails and version histories, automated approval reminders, and reporting on KPIs such as days-to-approval [0][1][5].

The company markets the product across banking, payments, lending, crypto, DeFi, exchanges, banking-as-a-service, and credit card use cases, referencing specific regulatory regimes including Reg B, Reg V, SEC and FINRA written supervisory procedures, and UDAP [0][1]. A recently released Risk Assessment module consolidates, scores and automates risk reviews and due diligence to speed partner onboarding [0][1].

Themis describes itself as a team of experienced compliance officers, programmers and marketers pursuing digital transformation of a governance and compliance industry it characterizes as reliant on archaic, manual controls [4]. Note: several similarly named organizations exist — a bar-exam preparation provider (themisbar.com) and a UK-based financial crime prevention firm, Themis International Services Limited (wearethemis.com) — which are separate companies; a Finovate correction explicitly distinguishes the U.S. GRC/compliance-collaboration Themis from the U.K. financial crime platform that raised the December 2024 scale-up round [7].

Business model

Software-as-a-service sold to financial institutions and fintechs, delivered as a modular GRC platform with a login-based web application and a marketplace; the site directs prospects to a contact/sales motion rather than self-serve signup [0][1][5].

Traction

Published customer outcomes include Zolve (vendor risk assessment approval time reduced 50%), Hatch Bank (40% faster fintech partner onboarding), NBKC Bank (50% reduction in headcount for managing approvals; a separate case study cites a 40% improvement in approval efficiency), Continental Bank (25-30% time saved across due diligence review, approval, sending and documentation) and Evergreen (60% reduction in time to complete diligence) [0][1][5].