Fintech Hawk AI secures $10 million in Series A funding

The round is led by French investor BlackFin Capital Partners. The anti-money laundering start-up is now aiming for global expansion.

The Munich-based fintech Hawk AI has closed its Series A financing round with an investment sum of ten million US dollars. The round was led by BlackFin Capital Partners from Paris, with Munich-based VC Picus Capital increasing its stake in the process. Hawk AI will use the money to strengthen its presence in Europe and the USA, as well as to expand into Singapore and the United Arab Emirates.

Hawk AI is - according to its own statement - Germany's leading software platform for banks, payment service providers and fintechs to combat financial crime. The start-up was founded in 2018. The software uses artificial intelligence to identify suspicious patterns in financial transactions and provides anti-money laundering experts with alerts. Banks should be able to save costs as a result. "Cloud, AI and real-time analysis have long been established technologies, and with us they can also be used in the data protection-sensitive and costly anti-money laundering processes of banks and payment service providers," says Tobias Schweiger, co-founder and CEO of Hawk AI. "This funding round reflects the potential in this market and we are grateful for the support of our investors."

"In an increasingly dynamic market, Hawk AI stands out as the next generation solution for transaction monitoring, with strong credentials not only in the mid-market segment but also in large, complex implementations," says Maxime Mandin, Investment Director of new investor BlackFin Capital Partners. "Since our investment last year, the Hawk AI team has proven their product-market fit in Europe and the US, creating a strong foundation for scaling their solution internationally," says Florian Reichert, Partner and Managing Director at Picus Capital.