Fintech Startup Achieves SOC 2 Type II in 7 Months

Summary

A payments platform needed SOC 2 Type II to close three enterprise deals. Starting from no formal compliance program, we implemented controls and automated evidence collection to complete the audit in seven months.

The Challenge

The startup had no dedicated security or compliance function. Engineering and IT processes were undocumented. Three enterprise customers were waiting on the audit report before signing contracts worth a combined $2.4M ARR.

Our Solution

We scoped the audit to Security and Availability Trust Services Criteria, mapped 64 controls, implemented missing controls including a formal access review process, vulnerability management program, and vendor risk register, and integrated cloud and identity providers with a compliance automation platform for continuous evidence collection.

Outcomes

The audit observation period completed on schedule. The SOC 2 Type II report was issued with zero exceptions. All three enterprise contracts were signed within 30 days of report delivery.