Cardamon

What do they actually do

Cardamon provides an AI-backed regulatory intelligence platform for regulated financial firms. It monitors regulatory sources across jurisdictions, extracts relevant rules, and converts them into discrete, reviewable obligations that can be assigned to owners and tracked in a shared workspace (with audit trails) Cardamon horizon scanning obligation mapping.

Teams use the product to continuously scan for regulatory changes, map those changes to obligations, and run gap analyses that compare current controls to what the rules require. Managers get dashboards showing what’s been reviewed, what’s outstanding, and where controls are missing gap analysis. The system also supports pushing tasks into existing tools like Slack, email, and JIRA horizon scanning obligation mapping.

An AI search layer lets users ask targeted questions about regulations and quickly retrieve source documents and citations to support decisions or audits AI regulation search. Cardamon markets multi‑jurisdiction coverage and enterprise controls, including a SOC 2 Type II announcement on LinkedIn, and cites live usage with regulated financial businesses such as a partnership with OKX homepage LinkedIn SOC 2 OKX partnership.

Who are their target customer(s)

• Head of Compliance at a global bank: Must track rule changes across many countries and translate them into concrete obligations for multiple teams; current processes are slow and manual, delaying decisions and launches horizon scanning.
• Compliance operations manager at a crypto exchange or digital-asset platform: Rapid, fragmented rule changes make it hard to maintain consistent controls, keep an auditable trail, and push work into engineering systems; needs integrations and enterprise-grade controls OKX partnership SOC 2.
• Product manager at a regulated fintech: Lacks clear, machine-readable requirements from laws, causing handoffs and delays while legal/compliance translate text into actionable tasks obligation mapping AI regulation search.
• Legal or regulatory affairs counsel for a multi‑entity firm: Needs a single, auditable source of truth for which obligations apply to which entities and why, to respond to regulator inquiries and internal reviews obligation mapping explainability commentary.
• Head of Risk / GRC at a bank or exchange: Lacks consolidated visibility into control gaps and priorities, making budget allocation and remediation planning difficult gap analysis.

How would they acquire their first 10, 50, and 100 customers

• First 10: Founder‑led pilots with warm intros (YC network, crypto/exchange contacts) that ingest each customer’s jurisdictions and deliver obligation mapping plus a gap report, with tasks flowing into Slack/JIRA/email to prove workflow fit horizon scanning obligation mapping OKX partnership.
• First 50: Standardize a repeatable pilot for mid‑market banks, fintechs, and exchanges—bundle jurisdiction ingestion, obligation outputs, and a gap dashboard; support with customer references, targeted webinars, and LinkedIn campaigns highlighting continuous monitoring and AI search gap analysis AI regulation search.
• First 100: Add channel partners (consultancies, law firms, GRC vendors) and a self‑serve path for smaller fintechs using jurisdiction bundles; back with SEOable regulatory summaries, connectors/APIs for ticketing exports, and enterprise trust signals (SOC 2) to reduce procurement friction horizon scanning SOC 2.

What is the rough total addressable market

Top-down context:

Public reports size global RegTech around $19.5B by 2026 and regulatory‑compliance management software at $12.4B in 2025; financial services is the largest buyer segment MarketsandMarkets TBRC Mordor Intelligence.

Bottom-up calculation:

Applying an estimated ~58% financial‑services share to those totals yields a working TAM of about $7B–$11B for Cardamon’s focus (regulatory‑intelligence/compliance software for financial firms) MarketsandMarkets TBRC Mordor Intelligence.

Assumptions:

• Financial services (BFSI) accounts for ~58% of RegTech spend in the near term.
• Cardamon’s product maps to the regulatory‑intelligence/compliance‑management subsegment measured in those reports.
• Timeframe is 2025–2026 market sizing; growth rates remain in the high‑teens to low‑20s CAGR.

Who are some of their notable competitors

• CUBE: Automated regulatory intelligence and horizon scanning for financial services; maps regulatory changes to obligations and controls at enterprise scale.
• Regology: Regulatory change management with obligation mapping and jurisdiction tracking aimed at compliance teams in regulated industries.
• Thomson Reuters Regulatory Intelligence: Research and monitoring platform used by large financial institutions for regulatory updates, analysis, and workflow support.
• Corlytics (incl. Clausematch): Regulatory risk and change management platform; combined with policy management capabilities to link obligations to internal policies and controls.
• Wolters Kluwer OneSumX (Regulatory Change Management): Bank‑focused regulatory change management, mapping updates to policies and controls within broader GRC workflows.