HawkAI's software uses artificial intelligence to identify patterns of suspicious activity in financial transactions and provides anti-money laundering experts with highly relevant, actionable alerts. the startup founded in 2018 Enable financial institutions to comply with regulations at significantly lower costs. Tobias Schweiger, Co-founder and CEO of HawkAI explains:
"We're committed to bringing long-overdue technological advances like cloud, AI, and real-time analytics to these sensitive and costly processes. This latest investment speaks volumes about the opportunity ahead, and we're grateful for the support of our investor partners, who validate our mission. Our proven technology and the team's decades of experience in financial services enable us to earn our clients' trust in an area where a solid foundation matters most."
Paris-based fintech specialist Blackfin Capital Partners is leading the financing round. Picus Capital also participated in the investment. The Munich-based company plans to use the capital to expand its market presence in Europe and the US, as well as to expand into Singapore and the United Arab Emirates.
“A decisive competitive advantage of HawkAI”
“Regulators and financial institutions around the world understand that the problem of financial crime and compliance cannot be solved with outdated, rule-based software alone,”
says Maxime Mandin, Investment Director at Blackfin Capital Partners.
"In an increasingly dynamic market, HawkAI stands out as the next-generation solution for transaction monitoring, with strong credentials not only in the mid-market but also in large, complex implementations. We at Blackfin have followed the company since its inception and have always been impressed by the founders' strong vision and deep payments background—which is a key competitive advantage for HawkAI."
