Mimiro (formerly ComplyAdvantage), a London, UK-based machine-learning platform for analysing the risk of financial crime, raised USD $30m in Series B funding.
The round was led by Index Ventures, with participation from existing investor Balderton Capital. In conjunction with the funding, Jan Hammer, Partner at Index Ventures joined the Mimiro board.
The company intends to use the funds to accelerate the global expansion of its platform.
To this end, the company’s platform provides real-time insight into the risk of people and companies globally, spotting tens of thousands of risk events from within millions of structured and unstructured data sources, every day. Its suite of plug-and-play configurable cloud services integrate to help automate and comply with Sanctions, AML and CTF regulations.
By intelligently verifying parties and transactions, Mimiro allows companies to assess who they’re doing business with – having confidence in their own operations, attacking financial crime and reducing laborious manual checks.
The company has 350 clients in 45 countries across the US, Europe and Asia, including major global banks, and has a team of 160 people across offices in New York, London, Singapore and Cluj.