Umony, an AI-powered financial services communications compliance platform, has assembled a high-profile advisory board as it closes a $15m Series A funding round.
The London-based firm, founded in 2017, combines regulatory expertise with cutting-edge artificial intelligence to help financial institutions manage risk and comply with evolving rules.
The $15m round was led by Notion Capital, with participation from SeedCamp, Crane Venture Partners and a group of angel investors including Hugging Face co-founder Dr Thomas Wolf. The new funding marks a significant milestone in Umony’s growth plans as it strengthens its global presence.
Umony’s platform captures, archives and analyses communications across channels including mobile, chat, email, voice and video. Its technology uses AI to detect potential misconduct in real time, offering financial institutions a more advanced approach to compliance compared with traditional surveillance tools. Already trusted by over 100 international banks and several of the world’s largest mobile carriers, the company is positioning itself as a leader in AI-first compliance solutions.
The funding will be used to expand Umony’s engineering and AI research teams, deepen its regulatory-focused product features, and drive customer acquisition across major financial hubs. By investing in both technology and compliance expertise, Umony aims to provide future-proof solutions at a time when regulators are intensifying scrutiny. More than $2bn in fines have been issued globally in the past two years for communications-related failures, underlining the scale of the challenge.
In parallel with the funding, Umony has established an advisory board comprising regulatory and technology leaders. Among them are Tracey McDermott, former chief executive of the UK Financial Conduct Authority and chief compliance officer at Standard Chartered Bank, Dr Thomas Wolf, co-founder and chief science officer of Hugging Face, and Sally Dewar, former director of risk at the UK FSA and CEO of AO Shearman Consulting. Other members include Dr Hemma Lomax, former US SEC prosecutor, Stephen Sanders, former chief compliance officer at JP Morgan, and Paul Ford, founder and former CEO of Acin.
Tracey McDermott said, “Detecting and deterring market abuse or other conduct failures has never been more critical. But the ever increasing volume and complexity of communications continues to highlight the limitations of traditional surveillance. Umony’s AI-first approach helps firms detect risk in real time – not after the fact. I’m thrilled to support their efforts to bring clarity, control and integrity to financial communications.”
Umony founder and CEO Dean Elwood said, “From the start, our mission has been simple: make compliance smarter, faster and future-proof. With this exceptional advisory board and backing from top-tier investors, we’re ready to bring AI-powered compliance to every corner of the financial world.”
This $15m Series A round follows earlier backing from SeedCamp and Crane Venture Partners, who also participated in the latest funding.
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