Artificial intelligence (AI)-powered financial crime intelligence provider Quantifind has secured $22m in funding from Deloitte Ventures, Stephens Group, and existing investors, including Citi Ventures, S&P Global, DNS Capital, and USVP.
The funding follows a 200% growth in the financial crime intelligence provider’s revenue in 2024, said Quantifind.
Deloitte Ventures managing director Jay Crone said: “Quantifind’s recent $22 million funding round reinforces the market need for true AI-native solutions in financial crime intelligence.
“Throughout our due diligence, Quantifind’s products stood out for their ability to leverage AI to deliver material efficiency improvements to their clients’ highly resource-intensive screening processes.”
The latest investment will fuel the global expansion of Quantifind’s flagship platform, Graphyte, and support the launch of its new Payments Risk Intelligence solution.
Designed to help financial institutions tackle financial crime in real time, the solution aims to mitigate risks while ensuring the uninterrupted flow of legitimate transactions.
The Payments Risk Intelligence solution’s AI-driven name science technology uses GPU-based transformer models to accurately identify and match entities, reducing false positives and improving detection rates.
Additionally, the solution integrates a proprietary Real-Time Cluster (RTC) data engine, which processes terabytes of unstructured data with remarkable speed and efficiency.
Graphyte has demonstrated its scalability in enterprise environments, screening tens of millions of entities within hours at Tier-1 banks, with sub-100-millisecond application programming interface (API) response times.
Built-in AI controls, including bias monitoring and real-time audit reporting, ensure transparency and compliance for financial institutions.
Quantifind’s Graphyte platform combines internal data with public information to uncover hidden risks and provide real-time risk assessments.
This integration enables organisations to enhance their financial crime detection capabilities while maintaining operational efficiency and compliance.
Quantifind CEO and co-founder Ari Tuchman said: “Graphyte for payments transaction monitoring and screening represents the culmination of our commitment to delivering unmatched speed, accuracy, and scalability.
“By enhancing our Payments Risk Intelligence solution with real-time transaction screening, we empower institutions to meet modern compliance demands while staying ahead of sophisticated adversaries.”
