New funding: Seattle-based Shield Compliance raised $5 million in Series A funding to build out its platform that helps pot companies and banks get along.

Company background: Shield’s software lets banks and credit unions manage risk and comply with the ever-changing regulatory environment around marijuana.

Total funding to date is $11.3 million at a valuation of $20 million, according to the company.

Market opportunity: An estimated 70 percent of cannabis companies lack access to banks due to regulatory uncertainty.

Congressional lawmakers are hoping the move the needle on this problem with the SAFE Banking Act, but companies like Shield can help banks navigate that uncertainty in the meantime. | To read full story, visit https://startuparound.com/read/1574271005.0339491/Shield-Compliance-nabs-$5M-for-cannabis-banking-platform?ref=audio_experience