Today business compliance and anti-money laundering (AML) solution provider Sinpex closed an oversubscribed financing round of 4 million.Sinpex is a pioneer in automated identification and compliance solutions in the B2B environment. The cloud-based software reduces the manual effort involved in collecting and verifying compliance-relevant data while increasing the accuracy of legitimising business relationships through AI and natural language processing.According to Dr Camillo Werdich, founder and CEO of Sinpex: "In light of current regulatory developments, anti-money laundering is becoming increasingly important and is in high demand across all industries. We can look back on a highly successful 2023, in which we acquired major customers and achieved profitability at times. "The round is co-led by TX Ventures and c, with participation from existing investors EquityPitcher, AI Fund and bankers such as Raisin founder Michael Stephan, former Helvetia CEO Stefan Loacker and former Goldman Sachs partner Serge Marquie. "Know-your-business processes are complex, expensive and represent a real business risk for financial institutions.