Nordic AML vendor Strise has successfully raised $10.8 million in a Series A funding round, which will facilitate its international expansion, beginning with the UK.
The funding was led by Atomico, with participation from existing investors and prominent business angels, including Klarna COO Camilla Giesecke. Atomico Partner Don Hoang, formerly a senior executive at Uber and Revolut, will join Strise’s board.
Since its commercial launch in 2019, Strise has established itself as a significant player in the Nordic finance sector, with 70% of the region’s top-tier banks, such as Nordea, Handelsbanken, and the bank-owned mobile payment network Vipps MobilePay, utilizing its products.
The company is also progressing beyond the Nordics, having attracted major US-based law firm Orrick and global professional services firm EY as the first participants in Strise’s Early Access Programme in the UK.
The new investment will enable Strise to expand into key European markets, starting with the UK, while broadening its customer base across industries such as finance, insurance, and legal services.
Strise leverages AI and natural language processing technologies to deliver intelligent insights that simplify customer onboarding and streamline risk-based AML processes, including real-time KYC and KYB checks through continuous customer monitoring.
Marit Rødevand, CEO and co-founder of Strise, stated: “If banks don’t adapt to AI, they risk falling behind. With crime and regulations becoming more complex, traditional methods aren’t enough. Without automation, fighting financial crime becomes costly and inefficient. We help AML and compliance teams work faster, detect crime more accurately, and stay compliant, protecting their reputation in the process.”
Despite a decline in overall fintech funding, interest among investors in AI-driven financial crime prevention solutions remains strong. Strise’s funding announcement follows closely after Israeli financial crime detection firm ThetaRay raised $57 million.