# Dragnet solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dragnet-solutions

- Industry: Software
- Headquarters: Novato, US
- Website: www.dragnetsolutions.com
- Total disclosed funding: $11M
- Latest round: Series B (Aug 31, 2007)
- Investors on record: 2

## About

Dragnet Solutions develops advanced fintech solutions, focusing on innovative technologies for bank account validation and alternative credit scoring, enhancing operational efficiency and customer experience across various financial institutions.Founded in 2003 and headquartered in Novato, US, Dragnet Solutions specializes in fintech innovations. The company has undergone a significant pivot towards comprehensive financial technology solutions, raising USD 8.00 mn in Series B funding in December 2007 from investors including Compass Technology Partners and DFJ Frontier. The current CEO is Greg Cote.Dragnet Solutions offers cutting-edge fintech solutions, concentrating on Bank Account Validation and Alternative Credit Scoring through its flagship service, Ai Validate BD. This patented technology allows real-time validation of U.S. bank accounts, decreasing transaction failures and enhancing onboarding and payment experiences for clients such as financial institutions and payment processors in the US, Canada, and Europe.The company operates on a subscription-based model for its Ai Validate BD service, alongside additional offerings like credit scoring and lead screening via the Accelerated Insight® platform. Contracts are structured around service access, with fees based on transaction volume or tiered pricing plans, enabling clients to effectively manage financial transactions and reduce associated risks.With the recent USD 8.00 mn funding raised in December 2007, Dragnet Solutions aims to expand its product offerings and enhance its technology. The company is targeting growth by developing new fintech solutions and entering new geographic markets, specifically in Europe and Canada. This strategic funding will support the rollout of these initiatives and bolster its market presence.

## Funding rounds

- Series B, Aug 31, 2007, $8M — Compass Technology Partners, Frontier Venture Capital
- Series A, Sep 12, 2005, $3M — Compass Technology Partners, Frontier Venture Capital

## Investors

- Compass Technology Partners (https://capitalatlas.ai/funds/compass-technology-partners) — Series A, Series B
- Frontier Venture Capital (https://capitalatlas.ai/funds/frontier-venture-capital) — Series A, Series B