Sentinels, a Dutch AI-powered transaction monitoring startup, raised €5.7M in seed funding.
The round was led by Inkef Capital, complemented by strategic angel investors and industry leaders – including several members of the early Adyen team, including its former EVP sales Thijn Lamers and Head of Growth Maikel Lobbezoo.
The startup, which has now raised a total of £7.3m (€8.4m) to date, intends to use the funds to further build out the product and expand its operations into the UK and beyond Europe, to North America, LatAm and APAC.
Launched 18 months ago by Joost van Houten, Sentinels provides fintech companies with a cloud-based intelligent transaction monitoring solution dedicated to data-driven compliance for the financial industry and help them crack down on money laundering and other illegal activity passing. It is a spin-out from Slimmer AI, a European B2B AI venture studio which builds businesses that use AI to innovate markets.
Customers include Mollie, Terrapay, Online Payment Platform, Ginger Payments and ManoBank, among its roster of clients.
FinSMEs
01/06/2021