Multi-million dollar investment for London anti-money laundering company
A global data technology company tackling money laundering has announced that it has received a multi-million dollar investment.
ComplyAdvantage, based in London, has secured a new investment by the Growth Equity team at Goldman Sachs Asset Management.
The terms of the transaction were not disclosed, but extended ComplyAdvantage’s $50m funding round to $70m.
ComplyAdvantage provides a range of anti-money laundering tools and resources, enabling clients to reduce their exposure to financial crimes.
James Hayward, managing director in the Growth Equity team at Goldman Sachs Asset Management, commented: “We’ve seen first-hand the compelling benefits that ComplyAdvantage offers across a range of portfolio companies.
“The company brings clear value to its clients and has grown at an impressive rate. We are excited to support the business as it continues to scale rapidly and help companies of all stages manage these critical risks.”
Charles Delingpole, founder and CEO of ComplyAdvantage, said: “Financial services innovation is the catalyst for massive business transformation. Companies need a hyper-scale AML and risk solution as a financial crime deterrent.
“Goldman Sachs Asset Management is a great partner for ComplyAdvantage because they recognise the power of intelligent AML and risk detection not only to fortify businesses but also to help them introduce new services to market with greater confidence and integrity.”
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