ComplyAdvantage Rebrands to Mimiro, Raises $30M

ComplyAdvantage (formerly ComplyAdvantage) has raised $30m in a Series B round led by Index Ventures, with participation from Balderton Capital.

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Mimiro – with a growing list of 350 clients in 45 countries across the US, Europe and Asia – solves for financial crime with self-improving algorithms that absorb and scour structured and unstructured data sources daily – including registers of high-level national and international sanctions, individuals who should be treated with caution, and adverse media coverage. As a result, Mimiro builds a holistic snapshot of an entity’s risk in real-time, and spots nuanced patterns across users and transactions that would elude a human assessor. The company also lets clients tailor the product to focus on parameters that are particularly relevant to them.