AMLYZE, a RegTech company, has successfully closed a €2.35m seed funding round.
The funding round was spearheaded by Practica Capital, a prominent venture capital firm in the Baltics.
It also saw contributions from FIRSTPICK, an early-stage venture capital fund and accelerator, and Coinvest Capital, a sovereign VC fund. Other participants included a group of accredited private co-investors such as Gintas Balčiūnas, CEO of Dokobit, and Donatas Dailidė, CEO and Chairman of DOJUS Group, as well as the Lithuanian business angel syndicate NGL, comprising 33 business angels. International institutional investors, including Advanzia Bank, a European digital bank based in Luxembourg, also joined the round.
AMLYZE is set to accelerate the development of the world’s first cross-border information-sharing platform for anti-financial crime, which will utilize artificial intelligence and synthetic data. This innovative platform aims to enhance the company’s existing suite of solutions, improving compliance processes and boosting efficiency for financial institutions globally.
Gabrielius Erikas Bilkštys, CEO of AMLYZE, said, “Securing this seed investment empowers us to fast-track our growth and broaden our reach.
“Our upcoming platform is set to revolutionize information sharing among financial institutions, significantly contributing to a safer and more secure financial ecosystem.”
Donatas Keras, Founding Partner at Practica Capital, said, “Our continued support for AMLYZE in their mission to enhance financial compliance through innovative technology reflects our confidence in their solution, the caliber of their team, and their long-term vision.
“Their solutions are not only timely but essential in today’s complex financial landscape.”
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