WorkFusion, a leader in AI agents for financial crime compliance, has raised $45 million in a funding round led by Georgian. This investment will accelerate the company’s growth and enhance its AI platform, which automates critical compliance tasks for financial institutions.
Founded in 2010 at MIT, WorkFusion initially focused on general automation. In 2022, the company pivoted to specialize in AI agents tailored for financial crime compliance, addressing challenges in anti-money laundering (AML), sanctions screening, Know Your Customer (KYC) processes, and fraud detection.
WorkFusion’s AI agents currently process over 1 million compliance alerts daily, saving financial institutions approximately 40,000 hours of manual work each day. These agents perform tasks traditionally handled by Level 1 analysts, such as reviewing sanctions alerts and conducting KYC refreshes.
Justin LaFayette, Co-Founder at Georgian, emphasized the potential of agentic AI in financial crime compliance, noting that over 85% of financial institutions are deploying or planning to deploy such agents in 2025.
With this funding, WorkFusion aims to expand its AI agent capabilities, integrate with additional banking systems, and extend its services to community banks, addressing challenges like customer onboarding delays and compliance burdens.
WorkFusion is a New York-based company specializing in AI agents for financial crime compliance. Its platform automates compliance processes, enabling financial institutions to scale operations efficiently and reduce manual workloads.
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