Sedric, a Tel Aviv, Israel- and NYC- based AI-based compliance excellence platform for next-gen fintech, raised $3.5 million in seed funding.

The round was led by StageOne Ventures, with participation from James Kong, former Managing Director of BlackRock; Micha Breakstone, co-founder of Chorus.AI; and Alon Shemesh, co-founder of Forter and Homeward Ventures.

The company intends to use the funds for global expansion and onboard its growing base of new fintech customers.

Company: Sedric AI Labs Ltd.

Raised: $3.5M

Round: Seed Round

Funding Month: November 2021

Lead Investors: StageOne Ventures

Additional Investors: James Kong, Micha Breakstone, and Alon Shemesh

Company Website: https://www.sedric.ai/

Software Category: AI-based compliance excellence platform

About the Company: Established by Nir Laznik and Eyal Peleg in 2020, Sedric enables fintech companies to increase consumer protections and comply with global regulatory requirements. Its AI-powered platform monitors every customer engagement and auto-detects high-risk interactions to ensure compliance. Customers include leading fintech in Europe and North America providing trading, investing, and lending services. The company serves fintechs on 3 continents.

Source: https://www.finsmes.com/2021/11/sedric-raises-us3-5m-in-seed-funding.html