202324 Jan

Sandbar Raises $4.8M in Seed Funding

Summary

Sandbar, a New York-based provider of anti-money laundering, fraud and counter-terrorism risk detection software, raised $4.8M in Seed funding. Its holistic models and proprietary integrations enable organizations to identify financial behaviors, prioritize alerts, and automate tedious casework so they can scale their business safely. It’s the foundation of any successful AML program, and it’s most effective for the financial institution and broader ecosystem when it’s easy to integrate, understand, and use. With limited tools and increased regulations, fintechs and banks are vulnerable to threats and falling short of their regulatory obligations. With a simple integration, Sandbar provides access to holistic, scalable, and defensible transaction monitoring across financial products and services so organizations can scale their business safely.”

Source: Finsmes

Funding

$4.8M
Amount
Jan 24 2023
Date
-
Investor
Sandbar
Company

Classifications

Companies