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HomeFinTechFirst AML: Raises $21M in Series B Funding

First AML: Raises $21M in Series B Funding

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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

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