Fincom Announces Series B Financing Led by Nasdaq Ventures with Participation from Macquarie Group and G1 Ventures
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.
Fincom ha completato con successo il suo round di finanziamento Serie B, guidato da Nasdaq Ventures con la partecipazione di Macquarie Group, G1 Ventures e investitori già presenti. L'azienda, specializzata in tecnologie per la lotta al riciclaggio di denaro (AML) e il controllo delle sanzioni, ha inoltre annunciato una partnership globale con Nasdaq Verafin.
La tecnologia proprietaria di Fincom utilizza la linguistica computazionale e algoritmi avanzati per garantire ai clienti un risparmio operativo superiore all'80% grazie a controlli delle sanzioni più precisi in diverse lingue. L'azienda serve decine di banche statunitensi e impiegherà i fondi raccolti per accelerare la crescita internazionale e lanciare nuove offerte, tra cui il controllo PEP e i servizi di monitoraggio media negativo.
Grazie alla collaborazione con Nasdaq Verafin, che supporta oltre 2.600 istituzioni finanziarie, i clienti potranno beneficiare di capacità migliorate di screening delle sanzioni, maggiore conformità e riduzione dei costi.
Fincom ha completado con éxito su ronda de financiación Serie B, liderada por Nasdaq Ventures con la participación de Macquarie Group, G1 Ventures y los inversores existentes. La empresa, especializada en tecnología para la prevención del lavado de dinero (AML) y el control de sanciones, también anunció una asociación global con Nasdaq Verafin.
La tecnología propia de Fincom utiliza lingüística computacional y algoritmos avanzados para ofrecer a los clientes un ahorro operativo de más del 80% mediante un control de sanciones más preciso en varios idiomas. La empresa atiende a decenas de bancos en EE.UU. y utilizará los fondos para acelerar el crecimiento internacional y lanzar nuevas ofertas, incluyendo la detección de PEP y servicios de medios adversos.
A través de la asociación con Nasdaq Verafin, que atiende a más de 2,600 instituciones financieras, los clientes se beneficiarán de capacidades mejoradas para el control de sanciones, mayor cumplimiento y reducción de costos.
핀컴(Fincom)은 시리즈 B 펀딩 라운드을 성공적으로 마쳤으며, 이 라운드는 나스닥 벤처스(Nasdaq Ventures)가 주도하고 Macquarie Group, G1 Ventures 및 기존 투자자들이 참여했습니다. 반(反)자금세탁(AML) 및 제재 심사 기술을 전문으로 하는 이 회사는 나스닥 베라핀(Nasdaq Verafin)과의 글로벌 파트너십도 발표했습니다.
핀컴의 독자적인 기술은 계산언어학과 고급 알고리즘을 활용하여 다국어 제재 심사를 통해 고객에게 80% 이상의 운영 비용 절감을 제공합니다. 이 회사는 미국 내 여러 은행에 서비스를 제공하며, 이번 자금을 통해 국제적 성장을 가속화하고 PEP 심사 및 부정적 미디어 서비스 등 새로운 제품을 출시할 계획입니다.
나스닥 베라핀과의 파트너십을 통해 2,600개 이상의 금융기관에 서비스를 제공하는 고객들은 향상된 제재 심사 역량, 준수 강화 및 비용 절감의 혜택을 누릴 수 있습니다.
Fincom a réussi sa levée de fonds en série B, menée par Nasdaq Ventures avec la participation de Macquarie Group, G1 Ventures et des investisseurs existants. L'entreprise, spécialisée dans la technologie de lutte contre le blanchiment d'argent (AML) et le contrôle des sanctions, a également annoncé un partenariat mondial avec Nasdaq Verafin.
La technologie propriétaire de Fincom utilise la linguistique computationnelle et des algorithmes avancés pour offrir à ses clients des économies opérationnelles de plus de 80 % grâce à un contrôle des sanctions plus précis dans plusieurs langues. L'entreprise dessert des dizaines de banques américaines et utilisera les fonds pour accélérer sa croissance internationale et lancer de nouvelles offres, notamment le filtrage PEP et les services de surveillance des médias négatifs.
Grâce au partenariat avec Nasdaq Verafin, qui dessert plus de 2 600 institutions financières, les clients bénéficieront de capacités améliorées de contrôle des sanctions, d'une meilleure conformité et d'une réduction des coûts.
Fincom hat seine Serie-B-Finanzierungsrunde erfolgreich abgeschlossen, die von Nasdaq Ventures angeführt wurde und an der Macquarie Group, G1 Ventures sowie bestehende Investoren beteiligt waren. Das Unternehmen, das sich auf Technologien zur Bekämpfung von Geldwäsche (AML) und Sanktionsprüfungen spezialisiert hat, kündigte zudem eine globale Partnerschaft mit Nasdaq Verafin an.
Fincoms firmeneigene Technologie nutzt computerlinguistische Methoden und fortschrittliche Algorithmen, um den Kunden durch präzisere Sanktionsprüfungen in mehreren Sprachen über 80 % Betriebskosteneinsparungen zu ermöglichen. Das Unternehmen betreut Dutzende von US-Banken und wird die Finanzierung nutzen, um das internationale Wachstum zu beschleunigen und neue Angebote wie PEP-Screening und negative Medienüberwachung einzuführen.
Durch die Partnerschaft mit Nasdaq Verafin, das über 2.600 Finanzinstitute bedient, profitieren die Kunden von verbesserten Sanktionsprüfungsfunktionen, erhöhter Compliance und reduzierten Kosten.
- 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
- None.
Insights
Nasdaq's strategic investment in Fincom and Verafin partnership strengthens its position in the growing $35B financial crime compliance technology market.
Nasdaq Ventures, the investment arm of Nasdaq (NDAQ), has made a strategic move by leading Fincom's Series B funding round alongside Macquarie Group and G1 Ventures. This investment connects directly to Nasdaq's broader financial crime management strategy through its Verafin business unit.
The partnership addresses a substantial market opportunity. According to Celent research cited in the release, sanctions screening represents
What makes this particularly valuable is Fincom's technological differentiation. Their proprietary computational linguistics and advanced algorithms that work across multiple languages reportedly deliver over
For Nasdaq, this partnership represents a strategic enhancement to their Verafin business line, which has been a focus area since Nasdaq acquired Verafin for
The investment also reflects Nasdaq's continued execution of its strategy to diversify beyond traditional exchange services into technology solutions with recurring revenue models - a key priority for the company as it seeks to build more predictable, high-margin revenue streams.
Fincom and Nasdaq Verafin enter global partnership, bringing clients holistic sanctions screening and anti-money laundering compliance solutions
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
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
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
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
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
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SOURCE Fincom
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