Fincom, an AML technology and financial compliance company, announced this week the completion of its latest investment round (Series A) of two million dollars, led by venture capital fund AnD Ventures.
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With the completion of this fundraising round, Fincom will expand its operations, increase its sales and ARR, and prepare for a significant growth round supported by AnD Ventures.
Fincom is revolutionizing the industry of AML sanction screening in various verticals, including banks, financial institutions (such as insurance, wallets, and cryptocurrencies), e-commerce, and other businesses worldwide.
Gideon Drori, CEO of Fincom, expressed his enthusiasm for the new partnership and stated: "We are delighted that AnD Ventures is joining us as a valued partner in our journey to achieve our goals. Their expertise, experience, and shared vision will undoubtedly contribute to our continued success. This alliance not only provides us with the necessary resources for expansion but, more importantly, it gives us partners who share our goals and values and support us in achieving them."
