Hawk AI, a Munich, Germany-based software platform for banks, payment firms and fintechs for the detection of transactions linked to financial crime, raised $10m in Series A funding.
The round was led by BlackFin Capital Partners with participation from Picus Capital.
The company intends to use the funds to strengthen its European and U.S. presence, while also expanding to Singapore and the United Arab Emirates, as well as to double its employee headcount by the end of 2022.
Founded in 2018 by Tobias Schweiger and Wolfgang Berner, who both previously held senior leadership roles at PAY.ON (sold for $200M USD) and ACI Worldwide, the global payment systems company, Hawk AI provides a software platform for banks, payment firms and fintechs for the detection of transactions linked to financial crime. The software identifies patterns of suspicious activity in financial transactions and provides anti-money-laundering experts with actionable alerts. Through its cloud-native, modular and open architecture, the solution can be integrated with existing banking and payment systems.
Today, Hawk AI counts among its customers and partners Ratepay, North American Bancard and Modularbank.
FinSMEs
25/06/2021