6 years ago

Elliptic Raises $5 Million in Series B Funding Led by Wells Fargo Strategic Capital

  • Elliptic, a UK-based provider of cryptoasset risk management solutions, received a $5 million investment from Wells Fargo Strategic Capital, which joined its Series B funding round bringing the total amount raised to over $28 million

  • The company intends to use the funds to accelerate its expansion in Asia and to accelerate the roll out of a new risk management solution for financial institutions called Elliptic Discovery

  • Elliptic provides a cryptoasset transaction monitoring and investigations software platform that enables clients to investigate and detect illicit activity in digital currencies.

      • ProblemFinancial Services

      "detect improper use of cryptocurrencies, money laundering, terrorist financing, sanctions evasion, and other financial crimes"

      Solution

      "provides a cryptoasset transaction monitoring and investigations software platform to investigate and detect illicit activity in digital currencies"

      Covered on