Sedric, a Tel Aviv, Israel- and NYC- based AI-based compliance excellence platform for next-gen fintechs, raised US$ 3.5m in seed funding.
The round was led by StageOne Ventures with participation from James Kong, former Managing Director of BlackRock; Micha Breakstone, co-founder of Chorus.AI; and Alon Shemesh, co-founder of Forter and Homeward Ventures.
The company intends to use the funds for global expansion and onboard its growing base of new fintech customers.
Established by Nir Laznik and Eyal Peleg in 2020, Sedric enables fintech companies to increase consumer protections and comply with global regulatory requirements. Its AI-powered platform monitors every customer engagement and auto-detects high-risk interactions to ensure compliance. Customers include leading fintechs in Europe and North America providing trading, investing, and lending services.
The company serves fintechs on 3 continents.