AMLYZE raises €2.35M in Seed funding to fuel next growth phase
Summary
AMLYZE, a RegTech company transforming the anti-financial crime landscape for banks, FinTechs and Virtual Assets Service Providers (VASPs), has raised 2.35M seed funding round. FIRSTPICK, an early-stage venture capital fund and accelerator, Coinvest Capital, a sovereign VC fund with a group of accredited private co-investors, including Gintas Balinas, CEO of Dokobit, Donatas Dailid, CEO and Chairman of DOJUS Group, and NGL, the Lithuanian business angel syndicate of 33 business angels, also participated in the investment round, along with international institutional investors such as Advanzia Bank, the European digital bank based in Luxembourg.The new investment will accelerate the development of the worlds first cross-border information-sharing platform for anti-financial crime, leveraging artificial intelligence and synthetic data. This cutting-edge platform will enhance AMLYZEs suite of solutions, streamlining compliance processes and boosting efficiency for financial institutions globally. "Securing this seed investment empowers us to fast-track our growth and broaden our reach," said Gabrielius Erikas Bilktys, CEO of AMLYZE. ""Our continued support for AMLYZE in their mission to enhance financial compliance through innovative technology reflects our confidence in their solution, the caliber of their team, and their long-term vision," said Donatas Keras, Founding Partner at Practica Capital.