AMLYZE, a Vilnius, Lithuania-based RegTech firm that specializes in providing anti-financial crime solutions for fintechs, neo-banks, and crypto businesses, secured €1 million in pre-seed funding.
The round was led by Practica Capital, with participation from the Firstpick accelerator and venture capital fund.
The funding will be used to scale their SaaS business, support international expansion, and introduce advanced functionalities to their core product offerings, enabling them to offer a comprehensive suite of integrated compliance services.
Gabrielius Bilktys, CEO and co-founder of AMLYZE says, “As our mission is to help the world overcome financial crime, we have assembled a core team comprising seasoned IT and Anti-Financial Crime professionals, as well as former regulators and supervisors with backgrounds in central banking and law enforcement.”
AMLYZE offers a range of advanced modules through its Software-as-a-Service (SaaS) platform. These modules include real-time and retrospective transaction monitoring, customer risk assessment, and AML investigation.
Company: Amlyze, UAB
Raised: €1.0M
Round: Per-Seed Round
Funding Month: May 2023
Lead Investors: Practica Capital
Additional Investors: Firstpick accelerator and venture capital fund
Company Website: https://www.amlyze.com/
Software Category: AML Software
About the Company: Founded by Gabrielius Bilktys and Alexandre Pinot, AMLYZE is a SaaS provider whose range of advanced modules includes real-time and retrospective transaction monitoring, customer risk assessment, and AML investigation. With a growing client base primarily located in the Baltic States and the United Kingdom, AMLYZE is witnessing increased demand for its transaction monitoring, risk assessment, and case investigation solutions. The company’s goal is to help its clients not only to fulfill their compliance obligations imposed by the regulators but to increase security levels to a higher level, actualizing companies' internal standards and avoiding reputational and financial damage.
Source: https://siliconcanals.com/news/startups/lithuanian-saas-firm-amlyze-bags-924k/