Hawk (formerly Hawk:AI) relies on AI-driven technologies for fraud prevention and anti-money laundering (AML). With its modular solution, the startup can either complement or completely replace traditional rule-based systems. It offers AI-driven transaction monitoring, payment screening, continuous know-your-customer (KYC) verification, and real-time fraud prevention, resulting in greater accuracy and fewer false positives. Thus, Hawk enables financial institutions to drastically reduce the number of false positives compared to traditional AML/CFT solutions, while detecting more unknown and emerging crimes.
With its solution, the company, which was founded in 2018 by industry veterans, has quickly established itself globally. According to the company, Hawk monitors billions of transactions worldwide. Nevertheless, there is still plenty of room for growth. The World Payments Report from Capgemini estimates the volume of cashless transactions worldwide to be around 1.3 trillion in 2023. A volume of approximately 2.2 trillion transactions is expected for 2027.
Hawk focuses on international growth
Now Hawk has once again expanded its Series B financing round. Rabobank only joined the group of investors in June. Now, Macquarie Capital joins existing investors BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition as a new investor. With the additional funding, the Munich-based company plans to further accelerate its international growth and meet the growing demand for AI-powered technology to combat financial crime.
Elmar Broscheit, Global Co-Head of Macquarie Capital Venture Capital, explains:
"Hawk is a very exciting company. Their AI-centric approach to combating financial crime is delivering impressive results. The comprehensiveness of their enterprise solution, which combines AML, sanctions screening, and fraud prevention, clearly sets them apart from other providers in this space. We look forward to supporting the company's growth with our investment and expertise."
And Tobias Schweiger, CEO and co-founder of Hawk, says:
"We are delighted that Macquarie Capital has chosen to partner with Hawk. The global banking sector has recognized the enormous potential of AI to prevent, detect, and manage financial crime. With Macquarie Capital's network and experience in scaling successful risk software companies, we can further expand our client base in the Asia-Pacific region, the US, and beyond."
