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.
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’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.
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.