Financial Crime software business Featurespace has raised £30mn.
In Brief:
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The funding round was led by Merian Chrysalis Investment Company Limited.
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Featurespace provides Adaptive Behavioural Analytics software for Enterprise Financial Crime prevention.
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The funding, which also came from existing investors, will drive the company’s growth.
What does this mean?
As ways of doing business shift due to the global pandemic, so do ways of committing crime. Therefore it’s the perfect time for Featurespace to raise this funding and support anti-fraud and AML solutions.
