AMLYZE Raises €2.35M in Seed Funding to Fuel Next Growth Phase

2024-10-02

AMLYZE, a pioneering RegTech company transforming the anti-financial crime landscape for banks, FinTechs and Virtual Assets Service Providers (VASPs), proudly announces the successful closure of a €2.35 million seed funding round. This significant achievement marks the dawn of an exciting growth phase, setting the stage for AMLYZE to extend its innovative services to larger corporate and institutional clients.

The seed round was led by Practica Capital, one of the leading venture capital firms in the Baltics. FIRSTPICK, an early stage venture capital fund and accelerator, Coinvest Capital, a state VC fund, and NGL, the Lithuanian business angel syndicate of 33 business angels, also participated in the investment round, along with a group of other angel and institutional investors. These include Gintas Balčiūnas, CEO of Dokobit, Donatas Dailidė, CEO and Chairman of DOJUS Group, and Advanzia Bank, the European digital bank based in Luxembourg.

The new investment will accelerate the development of the world's first cross-border information-sharing platform for anti-financial crime, leveraging artificial intelligence and synthetic data. This cutting-edge platform will enhance AMLYZE's suite of solutions, streamlining compliance processes and boosting efficiency for financial institutions globally.

"Securing this seed investment empowers us to fast-track our growth and broaden our reach," said Gabrielius Erikas Bilkštys, CEO of AMLYZE. "Our upcoming platform is set to revolutionize information sharing among financial institutions, significantly contributing to a safer and more secure financial ecosystem."

"Our continued support for AMLYZE in their mission to enhance financial compliance through innovative technology reflects our confidence in their solution, the caliber of their team, and their long-term vision," said Donatas Keras, Founding Partner at Practica Capital. "Their solutions are not only timely but essential in today’s complex financial landscape."

"AMLYZE's vision and progress have been truly impressive," added Matas Ramanauskas, Investment Manager at Coinvest Capital. "We are excited to see how their new platform will enhance anti-financial crime measures across borders."

About AMLYZE:

AMLYZE is a leading RegTech SaaS provider offering a comprehensive suite of AML/CFT solutions for financial service providers. Its advanced modules include real-time transaction monitoring, customer risk assessment, and screening for PEPs, sanctions, and adverse media.

AMLYZE's latest innovation - a unique cross-border information-sharing platform - caters to fintechs, neo-banks, FIUs, and regulators. Founded by experts with extensive experience in financial regulation and compliance, AMLYZE is committed to enhancing efficiency and effectiveness in anti-financial crime processes.

For more information, please visit AMLYZE websiteLinkedIn or X page.

About Practica Capital:

Practica Capital is a premier early-stage VC firm dedicated to supporting Baltic founders. With over €130 million in assets under management and a robust portfolio, Practica Capital invests in ambitious companies at seed and Series A stages.

For more information, please visit Practica Capital website.

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