AMLYZE Raises €2.35M in Seed Funding to Fuel Next Growth Phase

 

AMLYZE, a pioneering RegTech company transforming the anti-financial crime landscape for banks, FinTechs and Virtual Assets Service Providers (VASPs), proudly announces the successful closure of a €2.35 million seed funding round. This significant achievement marks the dawn of an exciting growth phase, setting the stage for AMLYZE to extend its innovative 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."

 

About AMLYZE:

AMLYZE is a leading RegTech SaaS provider offering a comprehensive suite of AML/CFT solutions for financial service providers. Its advanced modules include real-time transaction monitoring, customer risk assessment, and screening for PEPs, sanctions, and adverse media.

AMLYZE's latest innovation - a unique cross-border information-sharing platform - caters to fintechs, neo-banks, FIUs, and regulators. Founded by experts with extensive experience in financial regulation and compliance, AMLYZE is committed to enhancing efficiency and effectiveness in anti-financial crime processes.

For more information, please visit AMLYZE website, LinkedIn or X page.

About Practica Capital:

Practica Capital is a premier early-stage VC firm dedicated to supporting Baltic founders. With over €130 million in assets under management and a robust portfolio, Practica Capital invests in ambitious companies at seed and Series A stages.

For more information, please visit Practica Capital website.

About FIRSTPICK:

FIRSTPICK is a €20 million high-speed venture capital fund and an accelerator for tech startups in the Baltics. The fund mainly invests in pre-seed Fintech, SaaS, Deeptech and Consumer marketplace startups. FIRSTPICK's portfolio startups receive precious early market access, impactful partnerships, and deep expertise of the early stage.

For more information, please visit FIRSTPICK website.

About Coinvest Capital:

Coinvest Capital, established in 2018, is a unique evergreen sector-agnostic sovereign VC fund with over €30 million committed capital, funded by public sources of Lithuania and the European Union. It offers a unique profit-sharing incentive for accredited private co-investors, aimed at bolstering the Lithuanian business angel ecosystem and providing risk capital to early-stage startups.

For more information, please visit Coinvest Capital website.