FNA, a London, UK-based RegTech and SupTech (Supervisory Technology) company, closed a $5.5m Series A funding round.
The round was led by IQ Capital, with participation from GETTYLAB.
The company intends to use the funds to further invest in its core technology and enhance its deep academic partnerships.
Founded in 2013 and led by Dr Kimmo Soramäki, CEO, FNA uses its network analytics, AI and machine learning platform to enable financial institutions to map and monitor complex financial systems, and to simulate operational and financial risks. Clients use it to plan for network changes, to improve efficiency of existing operations and to identify and mitigate risks identified in business networks including, operational bottlenecks, concentration and liquidity risks.
FNA works with global regulators to manage systemic risk, exchanges to understand risk concentrations and simulate operational risks, and payments platforms and banks to optimize liquidity and manage financial crime risks.
Due to continued client growth, the company plans to build on its global presence, particularly in the US and Asia Pacific, and expand beyond its existing client base of central banks, regulators and FMIs (Financial Market Infrastructures).