Strise, an Oslo, Norway-based technology company that automates KYC processes, raised €3.3 million in a fresh round of funding.
Led by Dutch venture capital fund Curiosity, a firm that focuses on seed-stage investments in AI startups in Northern Europe. Existing investor Maki.vc and new investors Sondo Capital and Likeminded also participated in the round.
Strise will use the funds predominantly to accelerate international growth across Europe and enhance the system's capacity to link more deeply with the current ecosystems of Strise clients through its new product, "Strise Connect."
Marit Rødevand, CEO and co-founder of Strise, says, "We see this investment as a huge recognition of our leading technology and our team's fantastic work to date. Raising new capital in today's market sentiment is challenging for many scale-up companies. Therefore, we are extra proud to have secured this funding round."
In November 9, the business will unveil "Strise Worldwide," a new solution for counterparty due diligence and global sanctions checks, and further develop its partnership program.
Company: Strise AS
Funding Month: November 2022
Lead Investors: Curiosity
Additional Investors: Maki.vc, Sondo Capital, and Likeminded
Company Website: https://www.strise.ai/
Software Category: KYC Intelligent System
About the Company: Founded in 2016 by Marit Rødevand, Patrick Skjennum, and Sigve Søråsen, Strise offers fast-growing banks and fintechs an intelligent system to automate KYC processes, drive better performance, and quickly operationalize regulatory changes to comply with modern anti-money laundering (AML) standards. Strise uses network, AI, and NLP technologies integrated into an intelligent KYC system to help regulated organizations automate compliance procedures. Powerhouses in banking and finance, like Nordea, Danske Bank, and the SpareBank1 Alliance, regularly utilize Strise's KYC Intelligence System since the business debuted its products in 2020.