Sedric Raises $US 3.5 Million to Increase Consumer Protections for Next-Gen FinTechs
Summary
Led by StageOne Ventures, Sedric will use the funding to support its global expansion and onboard its growing base of new fintech customers. The number one compliance challenge for financial services firms is keeping up with regulatory change, resulting in bottlenecks and inhibiting growth. We are thrilled to expand our services globally and provide fintechs with an advanced compliance platform that significantly lowers risks and helps them scale." Prominent financial services executives James Kong, former Managing Director of BlackRock; Micha Breakstone, co-founder of Chorus.AI; and Alon Shemesh, co-founder of Forter and Homeward Ventures participated in the round and serve as advisors to Sedric. Sedric empowers compliance teams to quickly apply new laws and regulations across their growing businesses and enables them to focus on the events with the highest dollar value across all channels (voice, chat, email, social, and more).