ComplyAdvantage
👤 Charles Delingpole (Founded The Student Room at 16, then MarketInvoice; lived AML pain from the fintech side before selling the fix.)🌐 sitedelingpole.com𝕏LinkedIn
A fintech founder hit AML pain at MarketInvoice, then built the risk database rivals now have to buy.
Will it work? · our read
Fines drive sales. AML rules make screening non-optional, so demand is durable. The catch: the biggest banks still run incumbent databases, and the founder has stepped back to chairman.
01How the money moves
Regulator mandates AML screening for every regulated firm
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Fintechs and banks plug into ComplyAdvantage's real-time risk database
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They pay recurring API and seat fees to stay compliant
02The numbers
£42M (about $53M)EstimateTurnover est. (GlobalDB)
FY end Mar 2024source:
£42M
Turnover is a third-party estimate (GlobalDatabase) of an unread Cos House filing; customers and funding are also third-party estimates.
Standalone turnover for IVXS UK Ltd (est., not group); Latka pegs recurring ARR near $27M.
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See a full teardown, free → Transistor.fmSourcesSources last checked 30 July 2026
GlobalDatabase — IVXS UK Ltd (ComplyAdvantage) FY24 standalone turnover £42M, estimated from Companies House data (accounts unconsolidated, per GlobalDatabase's own tag)Companies House — IVXS UK Limited, accounts to 31 Mar 2025 (filing is a scanned PDF, unread)Latka — est. $27.3M ARR, 500 customers, $88.2M raisedComplyAdvantage — products: sanctions, PEP, adverse media, transaction monitoringBalderton — Charles Delingpole founder profile (The Student Room, MarketInvoice)
Revenue is EST, not FILED: £42M turnover for IVXS UK Limited (ComplyAdvantage's UK entity) for the year ended 31 Mar 2024, taken from GlobalDatabase, a third-party aggregator that extracts and estimates figures from Companies House data. GlobalDatabase tags this filing 'Consolidated A/cs: N' — it is IVXS UK Limited's own standalone turnover, not a consolidated group figure, so this is one entity's number, not the wider ComplyAdvantage group. The primary Companies House filing itself is a scanned PDF with no text layer; nobody, aggregator included, has read the exact figure from the source document itself. A newer FYE Mar 2025 filing exists but its figures were also not machine-readable. Turnover (about $53M) exceeds Latka's $27.3M ARR estimate, which counts recurring revenue only. Customer count (500) and funding ($88.2M) are third-party (Latka/Crunchbase), not first-party. Founder Charles Delingpole is now Executive Chairman; Vatsa Narasimha is CEO. verified:false because the headline figure is a third-party estimate of an unreadable filing, not a number anyone has directly read. We never score you.