Flagright clinches US$4.3M to bolster AI-native anti-money laundering solutions

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The story "Flagright clinches US$4.3M to bolster AI-native anti-money laundering solutions" was covered 1 days ago by e27, a news publisher based in Singapore.

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Flagright clinches US$4.3M to bolster AI-native anti-money laundering solutions - e27

Quick Summary:

Singapore-based Flagright, an AI-native anti-money laundering (AML) compliance and risk management platform, has announced a US$4.3 million seed funding round.

The investment was led by Frontline Ventures, with significant participation from existing investors including Y Combinator, Pioneer Fund, and Moonfire Ventures.

This new capital injection will be channelled towards accelerating AI innovation, notably the launch of their AI Forensics product family, and facilitating expansion into the North American market by establishing new offices in New York and San Francisco.