4 years ago

ComplyAdvantage Secures $20 Million in Series C Funding Led by Goldman Sachs Asset Management

  • ComplyAdvantage, a New York, London, and Singapore-based company specializing in data technology for financial crime detection, has raised an additional $20 million in a Series C funding round, bringing its total funding to $70 million

  • The round was led by Goldman Sachs Asset Management

  • The company plans to use the funds to consolidate its growth

  • ComplyAdvantage offers an AI-driven platform for financial crime risk data and detection, used by over 500 enterprises across 75 countries

  • The platform utilizes a global, real-time database of people and companies to assess business risks

      • ProblemFinancial Services

      "Financial institutions are struggling to keep up with the ever-growing volume of financial crime, and traditional methods of risk assessment are often slow and ineffective. This puts them at risk of fines and reputational damage."

      Solution

      "ComplyAdvantage provides a real-time, AI-driven platform that helps financial institutions identify and assess financial crime risk. Their platform uses data from a global network of sources to identify potential threats and provides insights into the risks of doing business with individuals and companies."

      Covered on