Say hi to Tookitaki! Their solutions help detect and prevent financial crime. Now, they’ve just raised funding from True Global Ventures (TGV) Opportunity Fund.

• The company claims to have monitored over 10B transactions across 100M consumers among their clients.
• They work with banks and fintechs.

The details. The amount raised is hush-hush.

• In 2022, cross-border payments firm Thunes got a majority stake in Tookitaki for $20M.

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👇🏼 How it works

Founded in 2015, they have two platforms:

FinCense. It’s an end-to-end solution that spans AML transaction monitoring, customer risk scoring, customer screening, regulatory compliance, case management, and customer due diligence.

• With their advanced AI and ML, they can detect and prevent threats in real time with over 90% accuracy.

AFC Ecosystem. It brings together industry experts and institutions to continuously update and refine crime detection models, offering real-time collective intelligence.

• Stay ahead of threats. Get access to advanced tech, expert insights, and strong governance framework to level up the effectiveness of financial crime prevention.

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💰 What’s with the $$$?

They’ll double down on their expansion across Asia!