Lithuanian RegTech startup AMLYZE raise $1M

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AMLYZE, a leading RegTech firm specializing in anti-financial crime solutions for FinTechs, neo-banks and crypto businesses, has successfully concluded a $1 million pre-seed investment round.

AMLYZE is a Vilnius, Lithuania-based Software-as-a-Service (SaaS) provider offering anti-financial crime solutions. Their comprehensive modules include real-time and retrospective transaction monitoring, customer risk assessment, and AML investigation.

With a team of experts boasting extensive experience in anti-money laundering, financial fraud prevention, and financial market supervision, including notable figures such as Jekaterina Govina, former Head of the Financial Market Supervision Service at the Bank of Lithuania, Mindaugas Petrauskas, former supervisor of the Financial Intelligence Unit (FIU) of Lithuania, and Eglė Kontautaitė, former Head of the Money Laundering Prevention Division at the Bank of Lithuania, AMLYZE delivers cutting-edge technology solutions that streamline AML/CFT and compliance processes to unprecedented levels of efficiency.

AMLYZE co-founders and experts (from left) Jekaterina Govina, Gabrielius Bilkštys, Alexandre Pinot, Mindaugas Petrauskas, Eglė Kontautaitė, Aleksandr Lazutkin
AMLYZE co-founders and experts (from left) Jekaterina Govina, Gabrielius Bilkštys, Alexandre Pinot, Mindaugas Petrauskas, Eglė Kontautaitė, Aleksandr Lazutkin

The round was led by Practica Capital, with participation from the Firstpick accelerator and venture capital fund. The funding will scale AMLYZE’s Software-as-a-Service (SaaS) business, facilitate international expansion, and introduce advanced functionalities to its core product offering. These enhancements will enable AMLYZE to provide its clients a comprehensive suite of integrated compliance services.

With a current client base primarily located in the Baltic States and the United Kingdom, AMLYZE is experiencing a surge in demand for its transaction monitoring, risk assessment, and case investigation solutions.

Transaction monitoring Amlyze

The global scale of financial crime, estimated by the United Nations Office on Drugs and Crime (UNODC) to account for 2% to 5% of the annual global GDP (€715 billion to €1.87 trillion), necessitates innovative solutions to combat these challenges.

Furthermore, increasing regulatory scrutiny worldwide, driven by money laundering, terrorism financing, cyber security risks, and geopolitical tensions, has further emphasized the importance of anti-financial crime and sanctions compliance.

As our mission is to help the world overcome financial crime, we have assembled a core team comprising seasoned IT and Anti-Financial Crime professionals, as well as former regulators and supervisors with backgrounds in central banking and law enforcement.

We consider ourselves industry experts with insider perspectives on the sector, enabling us to assist financial institutions in meeting escalating regulatory requirements and enhancing their compliance efficiency.

stated Gabrielius Bilkštys, CEO and co-founder of AMLYZE

Practica Capital, one of the leading venture capital firms in the Baltics, expressed its support for AMLYZE’s mission.

Given the significant knowledge and experience accumulated across all levels of the FinTech ecosystem in Lithuania over the last decade, it is no surprise that a company like this has emerged here.

AMLYZE, bringing together an outstanding core team on a clear mission, has firm ground and the potential to bring category-defining products to the vast and growing market.

commented Donatas Keras, Founding Partner of Practica Capital.

The pre-seed round also saw participation from the Lithuanian accelerator, FIRSTPICK, which has been an early supporter of AMLYZE since its inception.

The surge in demand for AMLYZE’s anti-financial crime solutions comes as no surprise given the increasing regulatory scrutiny worldwide, which threatens the growth of the FinTech industry.

We, at FIRSTPICK, are proud to support AMLYZE’s mission to combat financial crime and help FinTechs comply with increasing regulations.

With their expert team and comprehensive suite of compliance services, AMLYZE is well-positioned to drive innovation in the industry and streamline compliance processes for their clients.

said Marijus Andrijauskas, the partner of FIRSTPICK