Sigma Ratings, a NYC-based, AI-driven global risk screening and monitoring platform that powers compliant commercial relationships, raised a Series A funding round of undisclosed amount.
The round was led by Mosaik Partners with participation from existing investors FinTech Collective and Contour Ventures, as well as new investor AngelList Ventures, who joined existing shareholders Fitch Ratings and Barclays PLC. John Katzenmeyer, Partner at Mosaik Partners, who brings nearly 25 years of financial technology advisory experience, will join Sigma’s Board of Directors in connection with the investment.
The company will use the funding to expand its commercial functions and invest in additional product and engineering talent to deepen its innovative risk and compliance software platform.
Led by Stuart Jones, Jr., founder and CEO, Sigma provides a cloud-based data platform for point-in-time risk screening and perpetual client monitoring. Underpinned by thousands of fully integrated and hosted data sources and proprietary resolution, risk extraction and scoring algorithms, the platform can identify and return direct and network-based entity risk at sub-second speeds. Capabilities include: i) a fully integrated, dynamic data feed of contextualized AML, sanctions, financial crime, geographic and credit-related risk intelligence; ii) a configurable, end-to-end risk screening and investigations platform; and iii) an always-on entity resolution and monitoring view for scalable risk-awareness across global customers, third parties and their associates. The solutions are used by financial institutions, professional services firms, fintechs and global corporations seeking to consolidate operations into a singular risk intelligence platform and more efficiently manage the entire client lifecycle.
FinSMEs
12/09/2022