AMLYZE, a RegTech company transforming the anti-financial crime landscape for banks, FinTechs and Virtual Assets Service Providers (VASPs), has raised €2.35M seed funding round. This allows AMLYZE to extend its services to larger corporate and institutional clients.

The seed round was led by Practica Capital, one of the leading venture capital firms in the Baltics. FIRSTPICK, an early-stage venture capital fund and accelerator, Coinvest Capital, a sovereign VC fund with a group of accredited private co-investors, including Gintas Balčiūnas, CEO of Dokobit, Donatas Dailidė, CEO and Chairman of DOJUS Group, and NGL, the Lithuanian business angel syndicate of 33 business angels, also participated in the investment round, along with international institutional investors such as Advanzia Bank, the European digital bank based in Luxembourg.

The new investment will accelerate the development of the world’s first cross-border information-sharing platform for anti-financial crime, leveraging artificial intelligence and synthetic data. This cutting-edge platform will enhance AMLYZE’s suite of solutions, streamlining compliance processes and boosting efficiency for financial institutions globally.

“Securing this seed investment empowers us to fast-track our growth and broaden our reach,” said Gabrielius Erikas Bilkštys, CEO of AMLYZE. “Our upcoming platform is set to revolutionize information sharing among financial institutions, significantly contributing to a safer and more secure financial ecosystem.”

“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,” said Donatas Keras, Founding Partner at Practica Capital. “Their solutions are not only timely but essential in today’s complex financial landscape.”

“AMLYZE’s vision and progress have been truly impressive,” added Matas Ramanauskas, Investment Manager at Coinvest Capital. “We are excited to see how their new platform will enhance anti-financial crime measures across borders.”