Fourthline Receives €50 Million Investment

Fourthline, one of the leaders in the RegTech sector, offers AI-powered and compliant KYC and AML solutions. The company managed to raise €50 million from new and existing institutional investors. The company chose not to disclose who the investors involved are. However, it noted that it had raised its stake from Radboud Vlaar, Managing Partner of Finch Capital and Fourthline's existing investor who led the previous round, along with "other" new investors.

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Fourthline

The Fourthline platform offers a complete suite of technology products for banks and financial service providers, compliant with local KYC, AML (Anti-Money Laundering) and GDPR (General Data Protection Regulation) requirements in Europe and other regions. Fourthline's AI-driven solutions can be used at all stages of business development and help ensure compliance at all stages of the lifecycle, including onboarding, verification, analysis, investigation and continuous KYC.

Fourthline takes a different approach by providing a solution to organizations' KYC and AML compliance challenges on a single platform. The platform utilizes proprietary technology and provides explainable automation powered by ethical AI. Fourthline's API eliminates the need to integrate multi-point solutions and supports new geographies, products and user journeys.

Creating a single source of truth improves quality and automation. It helps to significantly increase conversion and retention by eliminating the need to ask customers for the same information twice and enrich it with additional information as needed. The platform offers a suite of products covering all KYC and AML requirements, from daily AML monitoring, identity verification, qualified electronic signatures, periodic re-KYC, advanced fraud investigations, document renewal and opt-out when needed.