Regtech company AMLYZE has raised €2.35 million in seed funding, the company announced, in a funding round led by Practica Capital, with participation from FIRSTPICK, Coinvest Capital and several private investors, including Advanzia Bank.
The Lithuania-based firm plans to use the funds to develop what it calls the world’s first cross-border information-sharing platform for anti-financial crime, utilizing AI and synthetic data, and aims to expand its services to larger corporate and institutional clients.
“Securing this seed investment empowers us to fast-track our growth and broaden our reach,” said Gabrielius Erikas Bilkštys, CEO of AMLYZE. “Our upcoming platform is set to revolutionize information sharing among financial institutions, significantly contributing to a safer and more secure financial ecosystem.”
