Amlyze, a Vilnius, Lithuania-based provider of tools for financial institutions to detect and prevent financial crime, raised $2.7m in seed funding.
The round was led by Practica Capital with participation from Firstpick, Coinvest Capital, NGL, and Advanzia Bank.
The company intends to use the funds to accelerate the development of its platform for anti-financial crime, leveraging artificial intelligence and synthetic data.
Led by CEO Gabrielius Erikas Bilkštys, Amlyze is a RegTech SaaS provider offering a comprehensive suite of AML/CFT solutions for financial service providers. Its modules include real-time transaction monitoring, customer risk assessment, and screening for PEPs, sanctions, and adverse media.
The cross-border information-sharing platform caters to fintechs, neo-banks, FIUs, and regulators.
FinSMEs
07/10/2024