Strise, an Oslo, Norway-based anti-money laundering (AML) intelligence software company, raised $10.8 million in a Series A funding.
SaaS Investors
The round was led by Atomico, with participation from existing investors and angel investors.
Strise Use of Funds
Strise plans to use the funding to expand internationally, with the UK as the next target market, and to grow its customer base across various industries.
About Strise
Founded in 2016, Strise is an anti-money laundering (AML) intelligence software company that uses AI to fight financial crime. Strise offers an AML solution that automates the Know Your Customer (KYC) process for banks and fintechs, reducing diligence time and costs. The company's customers, including major Nordic banks like Nordea, Handelsbanken, and Vipps MobilePay, have reported significant time and cost savings since implementing the system.
Funding Details
Company: Strise AS
Raised: $10.8M
Round: Series A
Funding Month: September 2023
Lead Investors: Atomico
Additional Investors:
Company Website: https://www.strise.ai/
Software Category: Anti-Money Laundering (AML) Software
Source: https://tech.eu/2023/09/06/aml-software-strise-funding-for-global-expansion/