Hawk Ai Raises $10M Usd In Series A Led By Blackfin Capital Partners To Fuel Global Expansion For Its Ai-Based Aml Platform
Hawk Ai Raises $10M Usd In Series A Led By Blackfin Capital Partners To Fuel Global Expansion For Its Ai-Based Aml Platform
06/23/21, 9:02 AM
Location
Round Type
series a
Hawk AI announced today that it has raised $10 million USD in its Series A funding, with fintech specialist BlackFin Capital Partners leading the investment round and Picus Capital expanding its existing share.
Company Info
Location
munich, bavaria, germany
Additional Info
Hawk AI develops and operates a cloud-based software solution for the automated detection of suspected cases of financial crime. With Hawk AI, financial institutions can make their transaction surveillance more efficient and ensure regulatory compliance.
Hawk AI's software uses a combination of traditional rules and artificial intelligence to detect suspicious behavior in real-time and presents such alerts to Financial Crime specialists for investigation. The solution drastically reduces false alarm rates, e.g., compared to legacy AML/CFT solutions.
Hawk AI was founded in Munich in 2018 by experienced fintech entrepreneurs Tobias Schweiger and Wolfgang Berner and works with financial institutions and partners such as North American Bancard, Ratepay and Modularbank. In June 2021, Hawk AI secured a Series A funding of $10M USD from BlackFin Capital Partners and Picus Capital. Go to www.hawk.ai for more information.
About BlackFin Capital Partners
BlackFin Capital Partners is a fully independent private equity and venture capital firm focused on financial services in Europe. BlackFin manages 3 buyout funds and 1 venture fund (BlackFin Tech) for a total of €1.8bn under management.
Since its final closing in 2018, BlackFin Tech invested in 15 of the fastest growing European fintechs and insurtechs. BlackFin Capital Partners’s 40 investment professionals are spread across 3 offices in Paris, Brussels, and Frankfurt.
For more information, go to our website at www.blackfin-tech.com, Twitter @BlackFin_tech, or Medium at www.medium.com/blackfintech.