Coinfirm, a London, UK-based blockchain regtech startup, raised a $700k funding round.
Luma Ventures made the investment.
The company, which has also opened the round to other investors, intends to use the capital to expand and further build services and features onto its platform.
Led by Pawel Kuskowski, Co-Founder and CEO, Coinfirm provides a blockchain anti-money laundering (AML) combating the financing of terrorism (CFT) risk and compliance platform with applications in such industries as cryptocurrency, banking and business intelligence.
The platform aims to bring transparency and security to blockchain transactions while solving AML/CTF/Sanctions and counterparty risk management problems.