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Compliance is increasingly a day-one consideration for startups as they look to work with legacy players in highly-regulated industries like finance and healthcare. Venture-backed startups have historically been painted as disruptors to legacy institutions. But increasingly, early-stage companies, especially those in fintech and healthtech, are actually building products and platforms for the very institutions they're supposedly competing against.
Laika, a compliance-as-a-service platform, was founded to help startups navigate the complex and time-consuming process of due diligence. Its platform helps startups close deals, enabling them to come to the table prepared to manage the due diligence process. "It's very rare that you get a team with this much diversity of expertise coming together to build a company," Reitman said.
Currently, Laika primarily serves early-stage startups on the vendor side of the market. But its founders see an opportunity to ultimately start working with the banks too, in an effort to streamline the due diligence process on both sides.
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