Salv, a Tallinn, Estonia-based regtech startup, has secured an additional €3.9 million in funding, bringing its total raised capital to €12.1 million.
Salv Use of Funds
The company will use the new funding to support its expansion efforts in the UK, where it aims to combat financial crime, particularly APP fraud.
About Salv
Salv is an Estonia-based SaaS platform that offers solutions such as anti-money laundering, fraud detection, and cybersecurity for the financial sector. Salv focuses on developing a real-time collaborative financial crime-fighting network, facilitating tactical information sharing for organizations across sectors and borders. The platform aims to empower compliance teams in combating financial fraud more effectively. With a particular focus on the UK market, Salv addresses the surge in Authorized Push Payment (APP) fraud through its collaborative investigations platform, Salv Bridge.
Funding Details
Company: Salv Technologies OÜ
Raised: €3.9M
Round: Unknown
Funding Month: December 2023
Investors: Undisclosed
Company Website: https://salv.com/
Software Category: Financial Crime Solutions
Source: https://ain.capital/2023/12/15/salv-raises-3-9m-in-funding/