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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

May 20, 2021
ComplyAdvantage raises a $20,000,000 series C round.
July 28, 2020
ComplyAdvantage announces a growth round of funding of $50 million to expand its reach and operations.

July 2020
ComplyAdvantage raises a $50,000,000 series C round from Balderton Capital, Index Ventures and Ontario Teachers' Pension Plan.
January 2019
ComplyAdvantage raises a $30,000,000 series B round from Balderton Capital and Index Ventures.
March 2016
ComplyAdvantage raises a $8,000,000 series A round from Balderton Capital.
2014
ComplyAdvantage was founded by Charles Delingpole.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
Omar Faridi
May 20, 2021
Crowdfund Insider
London Regtech firm ComplyAdvantage receives $20M from Goldman Sachs, part of its $70M Series C extension.
FinSMEs
May 20, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Callum Burroughs
May 20, 2021
Business Insider
ComplyAdvantage uses technology to help major companies like Robinhood and Visa manage financial crime.
Samantha Hurst
May 5, 2021
Crowdfund Insider
Click HERE to find out ⭐ BaaS Platform HUBUC Announces Partnership With UK Regtech ComplyAdvantage. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Omar Faridi
April 26, 2021
Crowdfund Insider
London Regtech ComplyAdvantage releases report noting that firms update risk enterprise-wide assessments to account for digitization trends.
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References

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