Ripjar posts 40% ARR growth, wins follow-on funding

Ripjar reported a 40% increase in annual recurring revenue over the past 12 months and secured additional primary capital from Long Ridge Equity Partners to support further growth and product development. The funding follows Long Ridge’s completion of a follow-on majority investment in November 2024 and builds on the firm’s role leading Ripjar’s Series B in September 2020.

The company said its customer base has grown about 200% since 2024 to more than 300 businesses worldwide, including over 20 tier-one banks. Six of the 29 Global Systemically Important Banks (G-SIBs) now use Ripjar’s screening tools to support anti-financial-crime and compliance efforts.

In March 2026 Ripjar added address screening to its platform. The feature lets users check whether a customer, counterparty or transaction destination shares an address with a sanctioned or high-risk entity, rather than relying only on name or entity matching. Ripjar said the capability responds to a regulatory requirement often absent from older compliance systems.

Chartis placed Ripjar 20th in its Financial Crime and Compliance 50 for 2026, the company’s third consecutive year in the top 20. Chartis also ranked Ripjar fourth for Core Technology and again recognized the company for advances in artificial intelligence.

Matt Mills was appointed chief executive earlier this year after joining Ripjar in the second half of 2025 as president and chief operating officer. Mills said, “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.”

Jason Melton, a partner at Long Ridge Equity Partners, said the firm remains committed to backing category leaders and described the new capital as support for Ripjar’s leadership and technology roadmap.

Ripjar describes itself as an AI-native provider of customer screening solutions used by banks and corporates to reduce false positives and detect higher-risk relationships. The company said several established customers have expanded the scope of their engagements to cover a broader range of companies and counterparties.