Lucinity Raises $17 Million In A Series B Funding Round To Provide Banks With Productivity Tools To Fight Financial Crime

Jul 07, 2022•about 3 years ago

Amount Raised

$17 Million

Round Type

series b

Description

Lucinity today announced the closing of a $17 million Series B investment round, led by Keen Venture Partners and joined by Experian and its major existing investors, Crowberry Capital, Karma Ventures, and byFounders.

Company Information

Company

Lucinity

About

Lucinity is an anti-money laundering (AML) software developer on a mission to Make Money Good. Lucinity aims to solve productivity and efficiency issues for financial institutions through the company's 'Human AI' approach, a toolset that combines next-generation AI with human insights and expertise. By leveraging AI, the AML software learns from every interaction and continues to improve indefinitely, providing fewer false positives and saving time. This is on top of its best-in-class interface and visualizations that put users first. Professionals can experience Lucinity's AML compliance solution, including case management and transaction monitoring, through a free demo environment on https://www.lucinity.com/signup. Lucinity operates globally, with headquarters in Reykjavík, and serves customers from Tier-1 banks to FinTechs. To learn more, visit https://lucinity.com.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Lucinity Raises $17 Million In A Series B Funding Round To Provide Banks With Productivity Tools To Fight Financial Crime

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Funding Insights

Company Information