Schwarzthal Tech secures £150k in pre-seed funding from SFC Capital to develop financial crime intelligence technology
SFC Capital backed the pre-seed round to help advance the company's know your network platform.
Share allotment filed at Companies House
Schwarzthal Tech provides an artificial intelligence driven platform that builds individual networks from public data to help financial institutions investigate economic crime.
Financial crime intelligence startup Schwarzthal Tech has secured £150k in pre-seed funding from SFC Capital. The London-based company uses artificial intelligence to aggregate public data and map relational networks to assist investigators in identifying economic crime.
The capital will support the company as it develops its know your network platform, which is designed to replace traditional compliance checks with multidimensional risk assessments. SFC Capital participated as the sole named investor in the round.
Marius-Cristian Frunza and George Emelyanov founded the business to bridge the gap between static bank compliance procedures and the dynamic methods employed by modern financial criminals.
Investor perspective
"Financial crime is becoming increasingly sophisticated and difficult to fight. The work Schwarzthal Tech is doing is already helping tackle financial crime and we are proud to be a partner on their journey. Marius-Cristian’s vast knowledge on the subject and incredible experience in financial crime research puts the company a step ahead of others in the sector: he already knows what needs to be done."
Ed Stevenson
Investment Manager, SFC
Investors
Categories
About the company
Schwarzthal Tech
Schwarzthal Tech builds an artificial intelligence platform for financial crime intelligence and risk assessment.