5 years ago

ComplyAdvantage Secures $50M to Combat Financial Crime with AI

  • ComplyAdvantage, a London-based startup, has raised $50 million in Series C funding to expand its AI-powered platform for detecting and preventing financial crime

  • The platform uses a database of over 10 million entities to help financial institutions and other organizations comply with regulations and mitigate risk

  • The funding will be used to hire more staff, invest in technology, and expand the company's customer base.

      • ProblemFinancial Services

      "Preventing money laundering, human trafficking, and other financial crimes"

      Solution

      "Using an AI platform and database to identify and track entities involved in financial crimes, providing a comprehensive solution for financial institutions to meet regulatory compliance requirements and reduce their own exposure and risk"

      Covered on