Anti-money laundering automation company Strise has opened an office in London, its first outside of the Nordics.
Following an Atomico-led $10.8 million Series A funding round in September 2023, Strise has grown to nearly 50 employees, marking a 140% year-on-year increase from 2023.
The company has significantly expanded its data model: having originally processed information on around 600,000 entities in Scandinavia, it now provides insights on over a billion international entities and 11m private individuals.
What started as a university AI project is now used by 70% of the Nordic region’s top-tier banks. Among its customers are Nordea, Handelsbanken and Vipps MobilePay, one of Europe’s largest FinTech companies.
Strise leverages AI and graph models to automate anti-money laundering for financial institutions, enhance customer onboarding and monitoring, and efficiently identify hidden risks and sanctioned entities in complex networks.
Alongside Strise’s work modernising and streamlining compliance processes, the company also produces one of the industry’s leading financial crime podcasts, The Laundry.
Hosted by Strise CEO and co-founder Marit Rødevand, The Laundry has gained a cult following among financial investigators worldwide, with previous guests including Labour MP Margaret Hodge and Financial Times reporters Dan McCrum, Miles Johnson and Max Seddon.
“We’re committed to continue finding new solutions to old problems, by harnessing the power of technology and automating outdated, manual processes to fight financial crime,” said Rødevand.