Oslo-based Strise, a technology company that claims to offer leading KYC intelligence systems, announced that it has raised €3.3M in a fresh round of funding.
The round was led by the Dutch venture capital fund Curiosity, a firm that focuses on seed-stage investments in AI startups in Northern Europe.
The round also saw participation from existing investor Maki.vc and new investors Sondo Capital and Likeminded.
Strise says it will use the funds predominantly to accelerate international growth across Europe and enhance the system’s capacity to link more deeply with the current ecosystems of Strise clients through its new product, “Strise Connect”.
On November 9, the business will also unveil “Strise Worldwide”, a new solution for counterparty due diligence and global sanctions checks, and further, develop its partnership program.
Founded in 2016 by Marit Rødevand, Patrick Skjennum, and Sigve Søråsen, Strise offers fast-growing banks and fintechs a smart system to automate KYC processes, drive better performance, and quickly operationalize regulatory changes to comply with modern Anti-Money Laundering (AML) standards.
In order to help regulated organizations automate compliance procedures, Strise uses network, AI, and NLP technologies integrated into an intelligent KYC system.
This increases operational efficiency while lowering regulatory risk at a rate that is 100x faster than that of traditional methods according to the company.
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