What does Fincom do?
Fincom is a Tel Aviv-based provider specializing in anti-money laundering (AML) sanction screening and entity resolution technology designed to enhance AML compliance across diverse payment channels.
How much did they raise?
The company raised an undisclosed amount in its Series B round, which was led by Nasdaq Ventures with participation from Macquarie Group, G1 Ventures, AnD Ventures, and ff Venture Capital.
What are their plans for the money?
With the new funds, Fincom plans to accelerate its international growth and develop new offerings including screening for Politically Exposed Persons (PEPs), adverse media, and Verification of Payee (VOP) services, potentially transforming AML processes.
What have they achieved so far?
Under the leadership of CEO Gideon Drori, Fincom has already advanced its AML technology by creating a unified suite for sanctions screening and KYC onboarding, thereby reducing operational costs and enhancing compliance efficiency.
