AMLYZE Secures €2.35 Million Seed Funding

AMLYZE, a cutting-edge RegTech company focused on anti-financial crime solutions for banks, FinTechs, and Virtual Assets Service Providers (VASPs), has successfully raised €2.35 million in a seed funding round. The funding, led by leading Baltic venture capital firm Practica Capital, marks a significant milestone for AMLYZE, propelling the company into a new phase of growth and innovation.

With this investment, AMLYZE aims to scale its services and introduce groundbreaking solutions for financial institutions worldwide, including the development of the world's first cross-border information-sharing platform for fighting financial crime.

The funding round attracted a diverse group of investors, including FIRSTPICK, a venture capital fund and accelerator, Coinvest Capital, a sovereign VC fund with private co-investors, and NGL, the Lithuanian business angel syndicate. The round also included notable international institutional investors such as Luxembourg-based Advanzia Bank, which has a strong presence in the digital banking sector.

Gabrielius Erikas Bilkštys, CEO of AMLYZE, expressed his excitement about the funding, stating, "Securing this seed investment empowers us to fast-track our growth and broaden our reach. Our upcoming platform is set to revolutionize information sharing among financial institutions, significantly contributing to a safer and more secure financial ecosystem."

Investors are equally optimistic about AMLYZE's potential, with Donatas Keras, Founding Partner at Practica Capital, emphasizing the importance of AMLYZE's solutions in today's financial landscape. "Their solutions are not only timely but essential in today's complex financial environment," Keras noted.