Fincom Announces Series B Financing Led by Nasdaq Ventures with Participation from Macquarie Group and G1 Ventures

Rhea-AI Summary

Fincom has successfully completed its Series B funding round, led by Nasdaq Ventures with participation from Macquarie Group, G1 Ventures, and existing investors. The company, specializing in anti-money laundering (AML) and sanctions screening technology, also announced a global partnership with Nasdaq Verafin.

Fincom's proprietary technology leverages computational linguistics and advanced algorithms to deliver over 80% operational cost savings for clients through more accurate sanctions screening across multiple languages. The company serves dozens of U.S. banks and will use the funding to accelerate international growth and launch new offerings, including PEP screening and adverse media services.

Through the partnership with Nasdaq Verafin, which serves over 2,600 financial institutions, clients will benefit from enhanced sanctions screening capabilities, improved compliance, and reduced costs.

Positive

• Strategic investment and partnership with Nasdaq Ventures and Nasdaq Verafin expands market reach
• Technology delivers over 80% operational cost savings for clients
• Strong client base with dozens of U.S. banks already using the solution
• Operates in sanctions screening market worth 20% of $35 billion global Financial Crime & Compliance technology spending
• Plans for international expansion and new product offerings including PEP screening and adverse media services

Negative

• None.

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Fincom and Nasdaq Verafin enter global partnership, bringing clients holistic sanctions screening and anti-money laundering compliance solutions

TEL-AVIV, Israel, May 13, 2025 /PRNewswire/ -- Fincom, a leader in anti-money laundering (AML) Sanction Screening and Entity Resolution technology, today announced the successful completion of its Series B funding round, securing a strategic investment led by Nasdaq Ventures, with participation from Macquarie Group, G1 Ventures, and existing investors including AnD Ventures and ff Venture Capital. This investment marks a significant milestone in Fincom's growth journey and underscores confidence in its vision and market potential.

Global banks are facing increasing complexity in managing sanctions compliance, with resource constraints, evolving regulatory requirements, and limitations in legacy Sanctions and Watchlist screening solutions that result in high volumes of false positives. According to research by Celent, sanctions screening alone makes up 20% of the $35 billion spent on Financial Crime & Compliance technology by financial institutions globally. The digitization of financial services has led to faster payments, requiring scalable solutions that handle an increased volume of transactions. Meanwhile today's geopolitical landscape underscores the need for additional data and multilanguage capabilities.

Fincom's unique approach to sanctions screening leverages proprietary computational linguistics, distance-based algorithms, and advanced phonetics that are structure-, language-, and data source-agnostic. This innovative approach enables Fincom to more seamlessly compare and match written text in multiple languages and sources, delivering greater accuracy and efficiency in alerts all while consistently driving over 80% operational cost savings for its clients. Today, dozens of U.S. banks leverage Fincom's AML compliance solutions to mitigate sanctions risk and ensure regulatory compliance.

Gideon Drori, Founder and CEO of Fincom, said "This investment is a testament to the hard work and achievements of our team, our customers' confidence in our solutions, and the trust our investors have in our vision. We are excited to take the next step in enhancing the AML compliance space, making a substantial positive impact and delivering significant value to our current and future customers."

In addition to joining the Nasdaq Ventures portfolio, Fincom will enter a global partnership with Nasdaq Verafin, Nasdaq's financial crime management technology business. A trusted partner to more than 2,600 financial institutions, Nasdaq Verafin has delivered industry-leading solutions and innovative data approaches to address the complex needs of banks' anti-financial crime programs for more than two decades. Through this partnership, financial institution clients of Nasdaq Verafin and Fincom will benefit from advanced Sanctions Screening capabilities, leading to increased efficiency, reduced costs, better compliance, and improved customer engagement through innovative technology.

"Fincom brings a wholly unique and innovative approach to sanctions screening that delivers faster, more accurate results when compared to legacy approaches, simplifying the increasingly complex world of AML compliance and enabling improved regulatory adherence," said Gary Offner, Senior Vice President, Head of Nasdaq Ventures at Nasdaq. "We are pleased to welcome Fincom to the Nasdaq Ventures portfolio. With the launch of our new partnership between Nasdaq Verafin and Fincom, we have an opportunity to build upon the natural synergies between our two platforms, leveraging state-of-the-art technologies to help our clients better identify and address instances of potential financial crime."

Gary Munitz, Global Co-Head Macquarie Capital Venture Capital, said "Fincom's AML solutions deliver exceptional value, as evidenced by the company's extraordinary growth and stellar client retention. We are excited to partner with Fincom's founders and employees to accelerate their strategy of replacing legacy providers and manual processes with cloud-based, market-proven AML solutions."

Earlier this year, Fincom announced the expansion of its U.S. team to support the growing North American market. Proceeds from the Series B financing will support Fincom's efforts to accelerate its international growth and launch new offerings, including screening for Politically Exposed Persons (PEPs) and adverse media, as well as Verification of Payee (VOP) services.

About Fincom
Fincom brings innovation to AML Technologies, delivering cutting-edge solutions for Sanctions Screening and enhancing the efficiency and effectiveness of AML compliance. It offers a unified suite supporting diverse AML sanction screening applications, all payment types (Wire, Instant Payments, ACH, and Swift), KYC Onboarding and Ongoing (pKYC), Trade Finance, and improving compliance activities while reducing sanctions screening operational costs.
To learn more, visit Fincom's website.

About Nasdaq Ventures
Launched in 2017, Nasdaq Ventures is the global venture investing program of Nasdaq, Inc. (Nasdaq: NDAQ). Focused on cultivating technology advancement within financial services, Nasdaq Ventures invests in companies driving innovation in market infrastructure, data, analytics & workflow technologies, anti-financial crime, digital assets, ESG, and emerging asset classes. To learn more, visit: www.nasdaq.com/nasdaq-ventures.

About Nasdaq Verafin
Nasdaq Verafin provides Financial Crime Management Technology solutions for Fraud Detection, AML/CFT Compliance, High-Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,600 financial institutions, representing more than $10T in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Visit www.verafin.com. 

About Macquarie Capital Venture Capital
Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. It encompasses corporate advisory, a full spectrum of capital solutions, including capital raising services from equity, debt and private capital markets and principal investments from Macquarie's balance sheet. Macquarie Capital's Venture Capital team partners with founders to build great companies. With a successful 30-year track record of combining expertise and capital to accelerate growth, the team invests in early-stage companies and help build them into global businesses that make a real-world impact. Visit

Macquarie Capital Venture Capital.

Fincom Media Contact:
Ofer Farkash
ofer@fincom.co 
+1.302.455.2216

Nasdaq Media Contact:
Nick Eghtessad
nick.eghtessad@nasdaq.com
+1.929.996.8894

View original content:https://www.prnewswire.com/news-releases/fincom-announces-series-b-financing-led-by-nasdaq-ventures-with-participation-from-macquarie-group-and-g1-ventures-302453475.html

SOURCE Fincom

FAQ

What is the significance of Nasdaq Ventures leading Fincom's Series B funding round?

Nasdaq Ventures leading Fincom's Series B funding represents a strategic investment that includes a global partnership with Nasdaq Verafin, expanding Fincom's market reach to over 2,600 financial institutions and validating their AML compliance technology.

How does Fincom's AML technology reduce operational costs for banks?

Fincom's technology uses proprietary computational linguistics and advanced algorithms to deliver over 80% operational cost savings by providing more accurate sanctions screening across multiple languages, reducing false positives.

What new services will Fincom develop with the Series B funding?

Fincom plans to launch new offerings including screening for Politically Exposed Persons (PEPs), adverse media monitoring, and Verification of Payee (VOP) services.

How large is the market opportunity for Fincom's sanctions screening technology?

Sanctions screening represents 20% of the $35 billion spent on Financial Crime & Compliance technology by financial institutions globally, according to Celent research.

What is the scope of Fincom's partnership with Nasdaq Verafin?

The global partnership will provide Nasdaq Verafin's 2,600+ financial institution clients with access to Fincom's advanced sanctions screening capabilities, aiming to increase efficiency, reduce costs, and improve compliance.