Strategic Risk Associates (SRA) offers Watchtower™, an integrated risk and performance management SaaS platform aimed at financial services and insurance firms. The company is supported by risk and compliance consulting practices and its technology was designed and built “by bankers, for bankers.” SRA's platform provides continuous monitoring and advanced data analytics to give boards and executives improved oversight of enterprise risk. It works with hundreds of financial institutions across the U.S. that face regulatory pressure and risks from modern products and third‑party vendors. SRA plans to expand its integrated risk suite to support FinTech and digital asset risk management. The company highlights its role helping clients navigate significant risk events since the 2008 financial crisis. Strategic Risk Associates (SRA) is a provider of enterprise risk and performance management software and consulting solutions serving the Financial Services and Technology industries. Its core product, SRA Watchtower, is a risk intelligence and performance management platform designed to continuously inform banking executives and boards. The company raised its first equity funding round to support growth and product development. SRA plans to use the capital to accelerate growth, hire talent, ramp up product development, enhance data analytics, and build out a technology partner ecosystem and sales and marketing team. Leadership includes Co-founder and CEO Michael B. Glotz and newly hired CTO Joe George, brought on to drive innovation and digital transformation. The company is based in Glen Allen, VA. Strategic Risk Associates developed the SRA Watchtower, a risk‑intelligence platform aimed at helping banks and financial services firms remain safe, sound and high‑performing. The platform aggregates, integrates and normalizes critical risk and performance indicators to provide Executive and Board Risk Intelligence and continuous monitoring. SRA's tools also assist institutions in preparing for regulatory examinations and monitoring portfolio health. The firm counts more than three dozen banks and financial services companies among its SaaS clients. A team of veteran bankers and former regulators provides advisory services across enterprise risk management, credit risk management and stress testing, acquisition due diligence, governance, strategy, and regulatory and risk services. The company announced a seven‑figure private investment to support continued product development and customer growth, with proceeds earmarked to enhance Executive and Board Risk Intelligence solutions and expand market adoption.

Total raised

$16M

Funding rounds

3

Latest round

Series B

Latest activity

Nov 2022