Goldman Sachs joins the growing list of investors, including Balderton, the Ontario Teachers’ Pension Plan Board, Index Ventures.
ComplyAdvantage is the financial industry’s leading source of AI-driven financial crime risk data and detection technology. The company's mission is to neutralise the risk of money laundering, terrorist financing, corruption, and other financial crime.
Balderton first invested in ComplyAdvantage in 2016, leading the company's Series A. This latest investment is an extension to the company’s oversubscribed Series C funding announced in July 2020.
ComplyAdvantage will use this new investment to build on the rapid growth it has experienced to date and cement its position as a critical part of the value chain for companies managing evolving risks around anti-money laundering (AML), know your customer (KYC) processes and broader financial crime.
We first invested in Charlie and the rest of the team at ComplyAdvantage for their fierce focus on solving a regulation technology challenge that was hitting financial service disrupters, including many in our own portfolio. Over five years later, the team and business are at least two orders of magnitude larger but the mission is the same only that, as this investment round demonstrates, it's now a critical problem for everyone in the financial service industry, including the biggest and smartest names in the business.
