EverCompliant (which rebranded as EverC ), a New York City-based provider of Online Data Intelligence to detect and prevent Online Money Laundering (Transaction Laundering), raised $35m in Series B funding.
The round was led by Red Dot Capital Partners with participation from Maor Investments and existing backers Joey Low, Viola Ventures, Arbor Ventures, and American Express Ventures. In conjunction with the funding, Barak Salomon, Managing Partner at Red Dot Capital Partners, joined EverC’s board.
The company intends to use the funds to meet demand from banks, credit card companies, payment processors, payment facilitators, online marketplaces, and law enforcement agencies.
Founded by Ron Teicher, Noam Rabinovich and Raz Abramov, EverC is an electronic money laundering detection and prevention company that uses artificial intelligence and machine learning to assess and drive insights from hundreds of millions of domains. These insights discover hidden risks associated with online entities and reveal new opportunities to scale businesses efficiently and confidently. Products including MerchantView™ for detection of online money laundering and MarketView™ for keeping marketplaces clean from illegal products, have been adopted by the top financial institutions and payment service providers, including Fortune 500 companies in North and South America, EMEA and Asia Pacific. The company has offices in Tel Aviv and Shanghai.
FinSMEs
11/09/2020