Norwegian know your customer intelligence platform Strise has completed a €3.3 million aimed at further expanding the company’s European marketplace presence as well as roll out "Strise Global", their new product for counterparty due diligence and global sanctions checks, launching on the 9th of November.
Offering banks and fin-techs the ability to automate KYC functions, Strise helps these organisations perform better and comply and put into place regulatory changes such as modern Anti-Money Laundering (AML) standards on the turn of a dime; according to the company, at 100x the speed compared to traditional approaches.
Strise CEO and co-founder Marit Rødevand explains, "We are on a mission to introduce the leading KYC Intelligence System globally. Our technology uniquely connects information about companies and persons that we leverage into unparalleled insights to screen, onboard, and provide ongoing customer monitoring. Three extremely expensive problems that regulated companies face. We believe we can make a significant difference in this space.”
Launched in 2020, Strise counts Nordea, Danske Bank and the SpareBank1 Alliance amongst its customer base.
Strise’s €3.3 million round was led by Curiosity with existing investor Maki.vc and new investors Sondo Capital and Likeminded participating.
"We are seeing a massive increase in the need for advanced KYC systems worldwide to comply with regulations and avoid facilitating illegal activities. Strise has taken an innovative approach, integrating data sources and AI-driven insights into an intuitive interface for KYC teams to manage their workflow, which compliance teams love," concluded Curiosity's Herman Kienhuis.
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