ComplyAdvantage

ComplyAdvantage

ComplyAdvantage is a company developing machine learning and big data based financial crime fighting software.

ComplyAdvantage is a London-based company that produces and sells anti-money laundering and compliance solutions to compliance professionals. The company develops software that helps fight financial crime.

It helps users identify risk in people and companies they work with globally through its machine learning and big data based products. It utilizes cloud based software to constantly updated financial crime data to power its software, which is in compliance with international financial and security regulations. ComplyAdvantage's tools include monitoring, data, screening, and on-boarding modules.

History

British entrepreneur Charles Delingpole founded ComplyAdvantage in 2014. Delingpole identified that “the fight against financial crime is being lost due to regulatory divergence more so than any other single issue in the industry”, and that “legacy software solutions, generally speaking, are too expensive and inflexible to accommodate agile business models and risks."

In October 2016, ComplyAdvantage received an $8.2 million Series A investment, led by Balderton Capital. Three years later in 2019, ComplyAdvantage received a $30 million Series B investment, led by Index Ventures and Balderton Capital.

ComplyAdvantage was founded in London in 2014. As of 2019, the company is operating across four global hubs in New York City, London, Singapore and Cluj-Napoca.

Products and Services

ComplyAdvantage’s AML/CFT and KYC products integrate structured and unstructured data points that allows banks, fintechs and other financial institutions to comply with a set of anti-money laundering and counter terrorism financing laws around the world intended to prevent money laundering. As of January 2020, ComplyAdvantage’s products are used by more than 500 enterprises in 75 countries including Banco Santander, Visa, Munich Re, Robinhood, LINE Corporation and OakNorth Bank.

Awards

In 2019, ComplyAdvantage won The Sunday Times’s Digital Innovation Award and was named a TechTrack 100 fastest growing company. That year, it also won the Finnovate 2019 Best Regtech Award.

In 2020, ComplyAdvantage was named by CBInsights as one of the 100 most innovative artificial intelligence startups. Also in 2020, ComplyAdvantage was named by the Financial Times as Europe’s 6th fastest growing fintech company and listed as a Technology Pioneer by the World Economic Forum

The company was founded in 2014 by Charles Delingpole.

Timeline

July 28, 2020

ComplyAdvantage announces a growth round of funding of $50 million to expand its reach and operations.

January 2019

ComplyAdvantage raises a $30,000,000 series B round from Index Ventures and Balderton Capital.

March 2016

ComplyAdvantage raises a $8,000,000 series A round from Balderton Capital.

2014

ComplyAdvantage was founded by Charles Delingpole.

Funding rounds

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People

Name
Role
LinkedIn

Blake Cuningham

Employee

Charles Delingpole

Founder

Chris Leow

Employee

Cristian Persic

Employee

Douglas Holmes

Employee

Jessica Armitage

Employee

Jonathan Rivers

Employee

Luke Mawbey

Employee

Manuela Savianu

Employee

Meabh McAlister

Employee

Olly Butterfield

Employee

Paul Huston

Employee

Philip Edmans

Investor

Rob Dickinson

Employee

Sinziana Alucai

Employee

Stephen Ball

Employee

Suranga Chandratillake

Investor

Tim Bunting

Board member

William Kirby

Investor

Zoltan Benedek

Employee

Further reading

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Companies

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News

Title
Author
Date
Publisher
Description
Ingrid Lunden
July 28, 2020
TechCrunch
The growth of digital banking has opened up a wealth of opportunities for making the world of finance more accessible and transparent to a greater number of people. But the darker underbelly is that it has also created more avenues for illicit activity to flourish, with some $2 trillion laundered annually but only 1-3% of that [...]
Danny Crichton
October 17, 2019
TechCrunch
Fintech has been a very popular area for venture investment, and this is particularly true in Europe. Dozens of high-growth fintech startups have launched over the past decade, from challenger banks and neobanks to new payment services and better ways to save and invest wealth. Embedded finance, or why fintech mega VC rounds have become [...]

References

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