We got an exclusive look at the pitch deck ComplyAdvantage used to raise funds from Goldman Sachs
- Fintech startup ComplyAdvantage has raised an extension to its Series C round from Goldman Sachs.
- ComplyAdvantage helps companies like Robinhood and Visa manage financial crime.
- Founder Charles Delingpole said the extra funds will speed up plans to build a massive business.
- See more stories on Insider’s business page.
ComplyAdvantage, a UK fintech which helps companies manage financial compliance, has raised an extension to its Series C funding round from Goldman Sachs.
The total funding amount has not been disclosed but is understood to be around $20 million.
ComplyAdvantage uses machine learning and natural language processing to help financial institutions and others manage their risk obligations and prevent financial crime. The company works with a number of fast-growing businesses such as the US crypto exchange Gemini, stock trading app Robinhood, and London’s OakNorth Bank.
CEO Charles Delingpole told Insider the fresh funding would extend the firm’s runway and boost its growth plans.
The startup’s Series C was previously led by one of the world’s largest pension plans, SpaceX-backer Ontario Teachers’ Pension Plan Board.
“We had record performance for the past three quarters and some big client wins which obviously helped make us attractive for investment,” Delingpole added. “We want to build a long relationship with them in order to partner with Goldman in the future as there is probably no more systemically critical financial institution when it comes to regulation.”
The fresh capital takes ComplyAdvantage to around $108 million in total funding. This extension will go towards hiring around 80 new engineers, primarily in the UK, by the end of 2021 as well as launching new products.
“We’ve seen first-hand the compelling benefits that ComplyAdvantage offers across a range of portfolio companies,” said James Hayward, managing director in the growth equity team at Goldman Sachs Asset Management.
Check out ComplyAdvantage’s (redacted) pitch deck here:
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