ComplyAdvantage secures Series C follow on investment from Goldman Sachs Asset Management
Goldman Sachs Asset Management has backed ComplyAdvantage in an extension to its Series C funding round.
ComplyAdvantage operates a global data technology platform that transforms financial crime detection for regulated businesses. The firm supplies real time risk intelligence and screening tools to help enterprises manage compliance obligations.
ComplyAdvantage has secured a series C follow on investment from the Growth Equity team in Goldman Sachs Asset Management as an extension to its previous funding round. The undisclosed injection of capital will support the company as it scales operations and expands its footprint in the financial crime detection sector. Existing backers including the Ontario Teachers Pension Plan Board, Index Ventures and Balderton Capital also maintain their support for the business.
The firm has established a strong client base across international markets, serving high growth enterprises such as Gemini, Beem It and OakNorth Bank. Alongside the funding announcement, the company introduced ComplyLaunch, a programme offering startups free access to anti money laundering tools and educational resources.
From the founder
"Financial services innovation is the catalyst for massive business transformation. Companies need a hyper-scale AML and risk solution as a financial crime deterrent,"
Charles Delingpole
Founder and CEO at ComplyAdvantage
Investor perspective
"The company brings clear value to its clients and has grown at an impressive rate. We are excited to support the business as it continues to scale rapidly and help companies of all stages manage these critical risks."
James Hayward
Managing Director, Goldman Sachs Asset Management
Investors
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About the company
ComplyAdvantage
ComplyAdvantage provides artificial intelligence driven financial crime risk data and detection technology.