Lucinity, a Reykjavik, Iceland-based anti-money laundering (AML) software developer on a mission to Make Money Good, announced that it closed $17 million in Series B investment.
The round was led by Keen Venture Partners and joined by Venturing, recent partner Experian, and major existing investors Crowberry Capital, Karma Ventures, and byFounders.
The fresh funding will help Lucinity to accelerate its growth and continue bringing its brilliant human-centric productivity tools to Anti-Money Laundering professionals.
Lucinity also recently announced partnerships with Experian and Seon.
Company: Lucinity Group ehf.
Round: Series B
Funding Month: July 2022
Lead Investors: Keen Venture Partners
Additional Investors: Experian, Venturing, Crowberry Capital, Karma Ventures, and byFounders
Company Website: https://www.lucinity.com/
Software Category: Anti-Money Laundering (AML) software
About the Company: Lucinity is an anti-money laundering (AML) software developer on a mission to Make Money Good. Lucinity aims to solve productivity and efficiency issues for financial institutions through the company’s ‘Human AI’ approach, a toolset that combines next-generation AI with human insights and expertise. By leveraging AI, the AML software learns from every interaction and continues to improve indefinitely, providing fewer false positives and saving time. This is on top of its best-in-class interface and visualizations that put users first. Lucinity operates globally, with headquarters in Reykjavík, and serves customers from Tier-1 banks to FinTechs.