AMLYZE, a regtech company, has closed a €2.35 million seed funding round, marking the start of a growth phase for the company, which plans to expand its services to larger corporate and institutional clients. The round was led by Practica Capital, with FIRSTPICK, Coinvest Capital and Advanzia Bank joining the round. One of the investors shared the news with AIN.

About AMLYZE

  • AMLYZE is a Vilnius-based regtech SaaS supplier, helping financial institutions and businesses stay compliant with anti-money laundering (AML) and counter-terrorist financing (CFT) regulations. Their main product is a system that monitors financial transactions to spot suspicious activity, such as money laundering or illegal funding.
  • The sophisticated modules provide real-time transaction monitoring, client risk assessment, and screening for PEPs, sanctions, and adverse media. Founded by professionals in financial regulation and compliance, AMLYZE aims to improve the efficiency and effectiveness of anti-financial crime processes.

Investment details

The latest funding accelerates the development of the platform, integrating artificial intelligence and synthetic data to improve AMLYZE's solutions, expedite compliance processes, and increase global efficiency.

“Securing this seed investment empowers us to fast-track our growth and broaden our reach, Gabrielius Erikas Bilkštys, CEO of AMLYZE, said.

The list of investors includes:

  • Practica Capital, a €130 million early-stage venture capital firm, supports Baltic founders in seed and Series A stages.
  • FIRSTPICK, a €20 million high-speed fund, focuses on pre-seed Fintech, SaaS, Deeptech, and Consumer marketplace firms. 
  • Coinvest Capital, a sovereign VC firm with €30 million committed capital, offers a unique profit-sharing incentive to accredited private co-investors, funded by public sources in Lithuania and the EU.

“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,” Donatas Keras, Founding Partner at Practica Capital, stated.

AIN reminds our readers that in May 2023, AMLYZE raised $1 million of investment also led by Practica Capital.