Multi-million greenback funding for London anti-money laundering firm

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A global data technology company fighting money laundering announced that it has received a multi-million dollar investment.

London-based ComplyAdvantage has secured a new investment from the Growth Equity team at Goldman Sachs Asset Management.

The terms of the transaction were not disclosed, but ComplyAdvantage’s $ 50 million funding round expanded to $ 70 million.

ComplyAdvantage provides a suite of anti-money laundering tools and resources that customers can use to reduce their risk of financial crime.

James Hayward, Managing Director on the Growth Equity team at Goldman Sachs Asset Management, commented, “We have seen firsthand the compelling benefits ComplyAdvantage can bring to a number of portfolio companies.

“The company offers its customers clear added value and has grown at an impressive rate. We look forward to supporting the business as it continues to scale rapidly and helping companies deal with these critical risks at all stages. “

Charles Delingpole, Founder and CEO of ComplyAdvantage, said, “Innovations in the financial services sector are the catalyst for massive business transformation. Organizations need a hyper-scale AML and risk solution to deter financial crime.

“Goldman Sachs Asset Management is a great partner for ComplyAdvantage as they recognize the power of intelligent AML and risk detection to not only empower businesses, but also help them bring new services to market with greater confidence and integrity. “

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