First AML Raises $21M in Series B Funding
- First AML, a New Zealand-based customer Due Diligence (CDD) and Anti-money laundering (AML) tech company, raised US $21m (NZ $ 30m) in a Series B funding
- The round was led by Blackbird Ventures and Headline, together with participation from existing investors
- The company intends to use the funds to expand its solution to Europe and double its global headcount from 90 to 180 employees
- The platform automates the identity verification of customers, with complete visibility and management oversight and also includes biometric identification for remote verification
- Launched in 2017 in New Zealand, the company has since expanded to Australia in 2021
