Nomura Strategic Ventures Invests in Quantifind
Nomura Strategic Ventures has announced an investment in Quantifind, a start-up that develops AI-based solutions for automation of anti-money laundering (AML), fraud investigations and customer due diligence.
The investment, which assumes the form of a growth capital term loan, was extended from Nomura's venture debt fund, Nomura Strategic Ventures Fund 1 (NSV Fund 1), the firm said in a press release.
The transaction will enable Quantifind to raise flexible capital while minimizing dilution. Quantifind intends to use the capital to advance the execution of their go-to-market initiatives and accelerate their product roadmap.
Quantifind's GraphyteTM platform drives automation in AML and fraud investigations by automatically extracting predictive risk signals from vast stores of public data. Financial institutions (FI) use Graphyte to automate their risk monitoring and AML investigation processes, allowing their investigation teams to focus their skills on the highest-risk transactions. Graphyte's APIs and web applications are easily accessed as SaaS through a seamless cloud integration.
Ryan Turner, Managing Director, Nomura, said: “The efficiencies that Quantifind achieves with its automation are very exciting for a financial services industry spending billions every year on fraud mitigation and compliance. We are thrilled to work with Quantifind to help firms around the world make their AML and screening operations more efficient and productive.”
Ari Tuchman, Founder and CEO, Quantifind, said: “We couldn't be more pleased to have the support of a global leader in the industry in Nomura. Our team looks forward to collaborating with NSV to help FIs equip their AML and screening programs to address ongoing growth in financial crimes and a modernizing regulatory environment.”