Source: Tech EU
By Fiona Alston
Lithuania-based regtech AMLYZE has raised USD 1 million in a pre-seed investment round led by Practica Capital to help its fight against financial crime.
The round saw participation from the Firstpick accelerator and venture capital fund, and the anti-financial crime solutions company is set to leverage the funding towards furthering its reach past the Baltic States, as it continues adding to its solutions for fintechs, neobanks, and crypto businesses.
AMLYZE’s offering and how the funding falls into place
Based on the information provided in the announcement, the United Nations Office on Drugs and Crime (UNODC) estimates the global scale of financial crime to account for 2% to 5% of the annual global GDP of between EUR 715 billion to EUR 1.87 trillion. The Lithuanian regtech provides anti-financial crime solutions to fintechs, neobanks, and crypto businesses that deal with transaction monitoring, risk assessment, and case investigation…
Read full article: https://tech.eu/2023/05/18/lithuanian-s-amlyze-raises-1-million-to-help-its-fight-against-financial-crime/
