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RiskScoutrevenue, valuation & funding

Third Party & Supplier Risk Management SoftwareAustin, TexasFounded 2019CEO Justin Fischer

RiskScout is an Austin-based enterprise SaaS company founded in late 2019 that helps community banks and credit unions manage compliance for high-risk business customers, including cannabis dispensaries, ATM operators, and money service businesses.

riskscout.comLinkedInUpdated Oct 5, 2026
Annual revenue
$654.2K
Oct 2024EST.
Valuation
$12M
Jun 2020
Total raised
$3M
2 rounds
Employees
16
Oct 2024

RiskScout revenue

RiskScout's last reported revenue was $60K in November 2020 (Justin Fischer on camera; $5K per month, Nov 2020). GetLatka estimates it at about $654.2K a year (October 2024). RiskScout is #1,093 on the Latka Top. The Latka Top ranks the 1,372 companies Nathan Latka has interviewed by revenue.

$0
$200K
$400K
$600K
$60K
$500K
$516.7K
$517.2K
$654.2K
20202021202220232024
ReportedEstimateOne figure per year; a reported figure wins over an estimate
All 5 revenue readings, with sources
As ofRevenueSource
Nov 2020$60KJustin Fischer on cameraWatch at 8:30$5K per month, Nov 2020
Jul 2021$500K–
Nov 2022$516.7K–
Nov 2023$517.2KEST.GetLatka estimate
Oct 2024$654.2KEST.GetLatka estimate

– source not recorded

RiskScout valuation

RiskScout is privately held, so there is no RiskScout stock to buy. Investors valued it at $12M in its June 2020 Seed round.

Valuation history$12M Seed 2020$5M SAFE 2019

RiskScout funding rounds & investors

RiskScout has raised $3M across two rounds since 2019. The latest was a $2.2M Seed round in June 2020.

DateRoundRaisedValuationSource
Jun 2020Seed$2.2M$12MJustin Fischer on cameraWatch at 10:57
Jun 2019SAFE$800K$5MJustin Fischer on cameraWatch at 10:03
Total raised$3M

Interviews with Justin Fischer

Nathan Latka has interviewed RiskScout once, speaking with Justin Fischer. Each figure links to the second it was said.

Watch: How RiskScout Grew from $5K Per Month to Nearly $500K ARR Helping Banks Underwrite High-Risk Businesses (Interview with Justin Fischer)

July 2021 · Justin Fischer, Founder

How RiskScout Grew from $5K Per Month to Nearly $500K ARR Helping Banks Underwrite High-Risk Businesses (Interview with Justin Fischer)

Read the interviewWatch

Growth tactics they described: Value-Added ResellersWatch at 11:37

RiskScout competitors

RiskScout competes most directly with Trulioo and Compliancy Group.

CompanyRevenueFundingEmployeesCustomersFounded
Trulioo$150.6M$477M3754502011
Compliancy Group$6.9M$75M63–2005
RiskScout$654.2K$3M1642019

RiskScout CEO, founders & employees

Justin Fischer founded RiskScout in 2019 and runs it as CEO. RiskScout had 16 employees (October 2024, LinkedIn).

0
5
10
15
8
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16
16
16
20202021202220232024
ReportedOne figure per year; a reported figure wins over an estimate
All 5 headcount readings, with sources
As ofEmployeesSource
Oct 202416LinkedIn
Nov 202316–
Nov 202216–
Jul 202115Justin Fischer on cameraWatch at 12:08
Nov 20208–

RiskScout FAQ

What is RiskScout's revenue?

GetLatka estimates RiskScout's revenue at about $654.2K a year (October 2024). The last reported figure was $60K in November 2020 ($5K per month, Nov 2020), as Justin Fischer said on camera.

What is RiskScout's valuation?

Investors valued RiskScout at $12M in its June 2020 Seed round, as Justin Fischer said on camera.

How much funding has RiskScout raised?

RiskScout has raised $3M across two funding rounds. The latest was a $2.2M Seed round in June 2020.

Is RiskScout publicly traded?

No. RiskScout is a private company, so its shares aren't traded on a stock exchange.

How many employees does RiskScout have?

RiskScout had 16 employees in October 2024, according to LinkedIn.

Who is the CEO of RiskScout?

Justin Fischer is the CEO of RiskScout and founded the company in 2019. Nathan Latka interviewed Justin Fischer in July 2021.

Who founded RiskScout?

Justin Fischer founded RiskScout in 2019.

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How this page is sourced

12 said on camera · 1 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice. The Latka Top ranks the private, operating companies Nathan Latka has interviewed by the latest revenue figure on each profile, reported or estimated; equal figures share a rank.

Updated Oct 5, 2026Data disclaimerReport a correctionClaim this profile