Dotfile, a Paris, France-based compliance operating system helping fintech and regulated businesses to verify their customers, raised €2.5M in Seed funding.
The round was led by V13 INVEST (FDJ fund delegated to Serena) with participation from Kima Ventures, Pareto Holdings, Super Capital, Upscalers, Polymatter Ventures as well as several startup founders from the fintech industry.
The company intends to use the funds to accelerate the development of its compliance platform, expand its team and expand into new markets. With the new funding, Dotfile will continue to develop its platform, leveraging an API-centric approach to allow customers to integrate verification capabilities into their own systems. The company also plans to invest in analytics capabilities and to double its workforce by the end of the year.
Founded in 2021 and led by CEO Vasco Alexandre, Dotfile helps organizations automate customer approval and fraud detection so they can onboard clients faster and save on operational costs, while shielding them from legal, financial and reputational risks. The compliance solution is natively integrated with leading financial databases, business registries, AML providers and fraud prevention APIs. Customers can mix and match data sources and configure custom decision rules without coding.
FinSMEs
07/02/2023