Analytics startup Quantifind secures $22m financing to accelerate market for automated financial crime and risk investigation

Analytics startup Quantifind secures $22m financing to accelerate market for automated financial crime and risk investigation

Published: 22-01-2021 14:02:00 | By: Pie Kamau | hits: 5301 | Tags:

Quantifind, a provider of solutions that use data science to help automate financial crimes investigations announced a strategic growth funding round of $22 million. Quantifind will use the funds to execute its go-to-market sales and marketing initiatives, as well as for continued advancement of its best-in-class solutions for combating money laundering and fraud.

Its existing investors are joined by S&P Global, In-Q-Tel, and Snowflake Ventures. With this strategic round, Quantifind will also expand the applications of its technology to financial health and intelligence investigations.

Quantifind's Graphyte™ platform drives automation in anti-money laundering and fraud investigations by automatically extracting predictive risk signals from vast stores of public data. It is used by customers to automate their risk monitoring and anti-money laundering (AML) investigation processes, focus their resources on their highest-risk transactions, and improve their detection of money laundering. The power of Quantifind's SaaS platform is easily leveraged through a seamless cloud integration.