ComplyAdvantage, a global technology company focused on financial crime detection, closed a US$50m Series C funding round.
The round, which brought the total investment to date to US$88M, was led by Ontario Teachers’ Pension Plan Board (Ontario Teachers’), with participation from existing investors Index Ventures and Balderton Capital.
The company intends to use the funds toward rapid product and market expansion across the United States, Europe, and the Asia-Pacific region.
Led by Charles Delingpole, Founder and CEO, ComplyAdvantage provides an AI-driven financial crime risk data and detection technology platform to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crime. More than 500 enterprises in 75 countries use it understand the risk of who they’re doing business with through its global, real-time database of people and companies. The company actively identifies tens of thousands of risk events from millions of structured and unstructured data points every single day. ComplyAdvantage has four global hubs located in New York, London, Singapore and Cluj-Napoca.