Goldman Sachs Funds UK RegTech Firm ComplyAdvantage
(20 May 2021 – United Kingdom) The Regulatory Technology (RegTech) company ComplyAdvantage has attracted US$70 million in funding by Goldman Sachs as part of its latest series C funding round.
The firm will use the investment to bolster growth and improve Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance services.
ComplyAdvantage’s current customer portfolio includes the Unites States’ crypto exchange Gemini, Australian payment app Beem It, UK challenger bank OakNorth and several other technology-based financial institutions.
“Goldman Sachs Asset Management is a great partner for ComplyAdvantage because they recognise the power of intelligent. Financial services innovation is the catalyst for massive business transformation. Companies need a hyper-scale AML and risk solution as a financial crime deterrent” commented ComplyAdvantage CEO, Charles Delingpole.
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