ComplyAdvantage closes $20 million Series C round

London-based RegTech company ComplyAdvantage  closed a $20 million Series C round from Goldman Sachs Growth Equity, following a $50 million Series C round announced last year. The company has a raised a total of $108 million since its inception in 2014. Past investors in the company include Ontario Teachers’ Pension Plan Board, Index Ventures, and Balderton Capital.

The company operates in the space of financial fraud; helping companies manage risks arising from anti-money laundering (AML), and know your customer (KYC) processes. It also announced the availability of ComplyLaunch, a program that provides free access to the company’s AML tools and education for startups, helping them to protect the integrity of their businesses by reducing the threat of financial crime

“We’ve seen first-hand the compelling benefits that ComplyAdvantage offers across a range of Goldman Sachs Growth portfolio companies. The company brings clear value to its clients and has grown at an impressive rate. We are excited to support the business as it continues to scale rapidly and help companies of all stages manage these critical risks.” – James Hayward, Managing Director for Goldman Sachs Growth Equity.

“Financial services innovation is the catalyst for massive business transformation. Companies need a hyper-scale AML and risk solution as a financial crime deterrent. Goldman Sachs is a great partner for ComplyAdvantage because they recognize the power of intelligent AML and risk detection not only to fortify businesses but also to help them introduce new services to market with greater confidence and integrity.” – Charles Delingpole, founder and CEO of ComplyAdvantage.