AMLYZE, a leading RegTech company revolutionizing anti-financial crime tools for banks, FinTechs, and Virtual Asset Service Providers (VASPs), has successfully closed a €2.35 million seed funding round. This milestone paves the way for AMLYZE to expand its services and cater to larger corporate and institutional clients.

The funding round was led by Practica Capital, a prominent Baltic venture capital firm, with participation from FIRSTPICK (an early-stage VC fund and accelerator), Coinvest Capital (a sovereign VC fund), and a group of accredited co-investors, including Gintas Balčiūnas, CEO of Dokobit, and Donatas Dailidė, CEO of DOJUS Group. The Lithuanian angel syndicate NGL and international institutional investor Advanzia Bank, a European digital bank headquartered in Luxembourg, also joined the round.

Advancing Anti-Financial Crime with AI Innovation

AMLYZE plans to use the funds to accelerate the development of the world’s first cross-border information-sharing platform designed to combat financial crime. This groundbreaking platform leverages artificial intelligence and synthetic data to streamline compliance processes and boost efficiency for financial institutions worldwide.

Gabrielius Erikas Bilkštys, CEO of AMLYZE, highlighted the importance of the funding: “This investment allows us to accelerate growth and bring our innovative solutions to a global audience. Our new platform will transform how financial institutions share information, contributing to a safer financial environment.”

Donatas Keras, Founding Partner at Practica Capital, underscored the strategic importance of AMLYZE’s solutions: “We continue to support AMLYZE because of their strong team, impactful technology, and clear long-term vision. Their tools are crucial for addressing today’s complex financial challenges.”

Justinas Pasys, NGL’s founder, added: “AMLYZE has shown steady growth and execution since the start of their journey and the new product updates will likely boost them to an international player in the next few years."

With this investment, AMLYZE is poised to revolutionize compliance for financial institutions, enhancing efficiency, collaboration, and security in the fight against financial crime.

At NGL we invest in startups via investment syndicates because there are many benefits of sharing competences, risks, and costs when investing in startups. First of all, it helps attract more and better deal flow due to the combined larger ticket. It also allows angels to invest smaller sums per startup, making more deals, building a portfolio, and diversifying. We also make collective analysis and decisions leveraging the expertise of our investor group.