The Elucidate FinCrime Index (EFI) is a financial crime risk quantification platform to build trust and confidence between financial institutions, corporates, and regulators.
Location: Germany, Berlin
Employees: 11-50
Total raised: $16.76M
Founded date: 2018
Investors 5
| Date | Name | Website |
| 20.05.2022 | Elevator V... | elevator-v... |
| - | Plug and P... | plugandpla... |
| 09.07.2021 | 11.2 Capit... | 112capital... |
| - | Start Vent... | startventu... |
| 25.04.2022 | AV8 Ventur... | av8.vc |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 12.05.2022 | - | $8M | - |
| 10.03.2021 | Series A | $5.95M | - |
| 25.06.2020 | - | $2.81M | 11.2 Capit... |
Mentions in press and media 9
| Date | Title | Description |
| 15.12.2022 | Полезные инструменты и сервисы для поиска уязвимости транзакций для оценки риска блокчейна и различных криптовалют... | В этой статье мы составили список полезных инструментов и сервисов по отслеживание незаконных действии, криптоугроз и поиска уязвимости в транзакции блокчейна. Большинство сервисов включают в себя комплексную платформу для мониторинга взлом... |
| 12.05.2022 | Financial Crime Risk Scoring Firm, Elucidate, Raises $8M in Capital | Elucidate, a financial crime risk management platform, has reportedly acquired $8 million in capital via a funding round that was led by AV8 Ventures, along with contributions from Elevator Ventures, the corporate VC entity of Raiffeisen Ba... |
| 02.07.2021 | Elucidate Introduces Database for Assigning Scores to Financial Crime Risk Vulnerability of Financial Institutions | Elucidate, the financial crime risk scoring solution provider, has introduced the Elucidate FinCrime Risk Monitor (EFRM), an open database for assigning scores to the financial crime risk vulnerability of financial institutions. The EFRM ha... |
| 10.03.2021 | Financial security startup Elucidate bags €2.5 million in pre-Series A funding | - |
| 09.03.2021 | Berlin-based Elucidate raises €2.5 million in move to become the universal standard in financial crime risk management | Elucidate aims to become the Moody’s of financial crime risk, and have just announced their raise of €2.5 million in a pre-Series-A funding led by Frontline Ventures. Frontline Ventures is joined by existing investors Seed X Liechtenstein, ... |
| 09.03.2021 | Elucidate Raises €2.5M in Pre-Series A Funding | Elucidate, a Berlin, Germany-based financial crime risk scoring platform, raised €2.5m in pre-Series-A funding. The round led by Frontline Ventures with participation from existing investors Seed X Liechtenstein, APEX Ventures, and Big Star... |
| 09.03.2021 | Berlin-based Elucidate raises €2.5 million to establish its financial crime risk benchmark | Today Elucidate, the financial crime risk scoring platform, today announced that it has raised €2.5 million in a pre-Series-A funding round led by Frontline Ventures. Existing investors Seed X Liechtenstein, APEX Ventures, and Big Start Ven... |
| 24.06.2020 | Berlin-based Elucidate raises €2.5 million to further develop its Financial Crime Index | Today Elucidate, the Berlin-based financial crime risk quantification agency, has announced closing a €2.5 million investment led by Silicon Valley-based 11.2 Capital. Other participants in the round include Seed X Liechtenstein, Apex Ventu... |
| - | Sanctioned oligarchs' use of the Hawala payment system is a desperate move but not necessarily illegal, experts say | Hawala is an informal payment system used by individuals who wish to make undocumented transactions. Getty Images The use of the informal Hawala payment system by oligarchs could be seen as a desperate move. Experts have told Insider that u... |