Banker’s Toolbox, Inc., an Austin, TX-based provider of Bank Secrecy Act anti-money laundering compliance and fraud prevention solutions for the financial industry, received an equity investment from Accel-KKR.
The amount of the deal was not disclosed.
The new partnership will enable the company to make continued investments in its existing solutions, new product development initiatives and market expansion.
Led by Daniel Cho, Founder and CEO, Banker’s Toolbox allows community financial institutions to manage risk and streamline compliance examinations. The company’s product suite consists of solutions for money laundering detection and reporting, risk management through fraud prevention, wire processing automation, and commercial real estate loan portfolio risk assessment.
Raymond James Financial, Inc. served as financial advisor to Banker’s Toolbox in connection with this transaction.
FinSMEs
23/07/2015