Anti-money Laundering Regtech Hummingbird Raises $30m in Series B Round

Fazzaco learned that Hummingbird, the anti-money laundering regtech firm based in San Francisco, has raised $30 million in a Series B funding round, which was led by Battery Ventures with participation from Flourish, Homebrew, FinVC, and William Hockey, co-founder of Plaid.

Hummingbird plans to use the new funding to expand its workforce, expand product capabilities and bring its customer relationship management platform to new markets.

"We know financial institutions often struggle to update or replace older technology. Hummingbird is designed to augment their existing tech stack and streamline operations," said Hummingbird CEO Joe Robinson.

About Hummingbird

Hummingbird is a modern platform for anti-money laundering. The company gives the people fighting financial crimes superpowers. Its service is designed to enhance anti-money laundering and counter-terrorist financing investigations. It reduces cumbersome paperwork, provides insightful analytics, and enables collaboration for compliance professionals and law enforcement agents.