Financial Crime Fintech Quantexa Raises $64.7mn Series C

Financial crime fintech Quantexa raised a $64.7mn series C round from HSBC, ABN Amro Ventures, Evolution Equity Partners, Dawn Capital, AlbionVC and Accenture; the company’s software helps to identify transactional patterns and criminal activity in broader networks; banks have started to invest more heavily in technology to help fight financial crime as criminals have been able to stay ahead of the curve; the current crisis has also accelerated the need for this technology, fraudsters and criminals are always on the lookout for how to exploit a crisis; Quantexa plans to use its fresh funding to expand further into North America, the Asia-Pacific region and Europe; the firm also intends to develop additional applications across financial services and other sectors. American Banker.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments