About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ComplyAdvantage Tops Up Series C Funding with Goldman Sachs Investment

Subscribe to our newsletter

ComplyAdvantage, a financial crime compliance specialist, has received new investment from Goldman Sachs Growth Equity. The investment will be used to build on the company’s rapid growth and cement its position as a critical part of the value chain for companies managing evolving risks around anti-money laundering (AML) and know your customer (KYC) processes, as well as broader financial crime.

The investment, terms of which were not disclosed, is an extension of the company’s oversubscribed Series C funding announced in July 2020, and brings the total round to $70 million. Goldman Sachs joins a growing list of investors including the Ontario Teachers’ Pension Plan Board, Index Ventures, and Balderton Capital.

In sync with the investment, ComplyAdvantage released a programme called ComplyLaunch, which provides free access to the company’s AML tools and education for startups, helping them to protect the integrity of their businesses by reducing the threat of financial crime.

“We’ve seen first-hand the benefits that ComplyAdvantage offers across a range of Goldman Sachs Growth portfolio companies,” says James Hayward, managing director for Goldman Sachs Growth Equity. “The company brings clear value to its clients and has grown at an impressive rate. We are excited to support the business as it continues to scale rapidly and help companies at all stages manage critical risks.”

Charles Delingpole, founder and CEO of ComplyAdvantage, adds: “Goldman Sachs is a great partner for ComplyAdvantage because it recognises the power of intelligent AML and risk detection not only to fortify businesses, but also to help them introduce new services to market with greater confidence and integrity.”

ComplyAdvantage offers a hyperscale financial risk insight and AML data solution that uses machine learning and natural language processing (NLP) to help regulated organisations manage risk obligations and prevent financial crime. The company’s proprietary database is derived from millions of data points that provide dynamic, real-time insights across sanctions, watchlists, politically exposed persons, and negative news. It claims that this reduces dependence on manual review processes and legacy databases by up to 80%, and improves how companies screen and monitor clients and transactions.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to apply innovative e-comms surveillance whilst ensuring control, compliance and enhanced productivity

Remember the days when email was the predominant media for electronic communications within and among financial institutions? Fast forward to today, and email represents a declining fraction of these e-comms, many of which are hosted by modern collaborative platforms such as Microsoft Teams, Webex, Slack, and Zoom, and all of which are subject to surveillance....

BLOG

ESMA Recommends Digital Token Identifier for Pilot of Distributed Ledger Technology Regulation

ESMA has recommended use of the ISO standard Digital Token Identifier (DTI) for the pilot of its Distributed Ledger Technology (DLT) regulatory regimen. DTIs are issued by the DTI Foundation, a non-profit division of Etrading Software, with a view to bringing standardisation to digital asset and crypto markets. The DLT pilot will apply from 23...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management Handbook – Fourth Edition

Welcome to the fourth edition of A-Team Group’s Entity Data Management Handbook sponsored by entity data specialist Bureau van Dijk, a Moody’s Analytics company. As entity data takes a central role in business strategies dedicated to making the customer experience markedly better, this handbook delves into the detail of everything you need to do to...