AI-Driven AML Fintech Strise Raises $11 Million in Funding Round

Strise, a Nordic developer of anti-money laundering software for banks, raised $11 million in a Series A funding round led by venture capital firm Atomico.

Investors in the round also include Klarna AB’s Camilla Giesecke, former Peakon CEO and co-founder Phil Chambers, CEO and co-founder of Sequence, Riya Grover, and existing shareholders, according to a statement on Wednesday.

Oslo-based Strise uses artificial intelligence to improve the detection of financial crime by AML and compliance teams, cutting the time spent on due diligence by 90% and costs by 30%, the company said. Its clients include Nordea Bank Abp and ...