Great Space Compliance! ComplyAdvantage, a London-based startup that claims to use artificial intelligence and machine learning to help firms manage compliance obligations and at reduced cost.
Back in the days when I did a startup I almost de-railed our VC funding after discovering my passport had expired. Without it I couldn’t pass the anti-money laundering checks imposed on the fancy and overpriced London law firm we’d hired. The takeaway: compliance is a pain in the ass. Enter ComplyAdvantage, a London-based startup that claims to use artificial intelligence and machine learning to help firms manage compliance obligations and at reduced cost. The young company is announcing $8.2 million in Series A funding led by Balderton Capital, money it plans to plough into growth across Europe and the U.S., including opening a New York office this week.
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