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Hummingbird Lands $30M To Bring Design Thinking To Anti-Money Laundering Investigations

Dec 07, 2021almost 4 years ago

Amount Raised

$30 Million

Description

Hummingbird, which sells anti-money laundering software to banks and fintechs, announced today that it raised a $30 million Series B led by new investor Battery Ventures. Existing investors Flourish and Homebrew also participated in the round alongside FinVC and Plaid cofounder William Hockey.

Company Information

Company

Hummingbird

About

Hummingbird’s clients today include payments firms like Stripe, crypto exchanges like Coinbase, and banking-as-a-service provider Evolve Bank & Trust, per Robinson, though the company declined to share the total number of clients it serves. The company, which has a presence in seven countries, also works with e-commerce clients like Etsy. Image Credits: Hummingbird“Hummingbird is the only cloud-based vendor focused on being the end-to-end workflow platform for risk and compliance professionals—the crime fighters in finance,” Brown told TechCrunch in an email.

Funding Insights

Based on industry data
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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech