Fourthline, an Amsterdam, The Netherlands-based provider of AI-powered and compliant KYC and AML solutions, raised €50M in funding.
The round included participation from Finch Capital and other new and previous investors.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO Krik Gunning, Fourthline provides banks and financial services providers with a complete suite of proprietary tech products that adhere to local KYC, AML and GDPR requirements in Europe and beyond. Its AI-driven solutions unlock compliance for the entirety of the lifecycle, from onboarding, the verification and analysis, through to investigations and continuous KYC, in all stages of business development.
With offices in Amsterdam and Barcelona, Fourthline serves European fintech leaders including N26, Qonto, Trade Republic, FlatexDEGIRO and Scalable Capital; and other regulated financial institutions such as NN and Western Union.
The company employs over 270 team members, across The Netherlands, Spain, France and the UK
FinSMEs
03/04/2023