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A fintech compliance company called Spectre recently completed a $20 million funding round in its A round. Seeing this news, it seems that investors’ interest in the compliance tech sector is growing significantly.
This round was led by New Enterprise Associates, with participation from investors such as Northzone, Seedcamp, and PSV Tech. So far, Spectre’s total funding has reached $26 million.
What does the company do? It primarily provides AI-based compliance solutions. It serves both crypto wallet services like Fantom and traditional finance companies. It helps automate everything related to compliance, including risk assessment and sanctions list monitoring.
As compliance complexity continues to increase in both the crypto and traditional finance sectors, securing funding such as $20 million is a good sign that there is strong demand for such solutions in the market.