Amlyze , a Lithuanian based RegTech company offering anti-financial crime solutions for banks, FinTechs and Virtual Assets Service Providers, announced  the successful closure of a €2.35 million seed funding round.

This achievement marks the dawn of an growth phase, setting the stage for AMLYZE to extend its services to larger corporate and institutional clients.

The seed round was led by Practica Capital, one of the leading venture capital firms in the Baltics. Firstpick, an early-stage venture capital fund and accelerator, Coinvest Capital, a sovereign VC fund with a group of accredited private co-investors, including Gintas Balčiūnas, CEO of Dokobit, Donatas Dailidė, CEO and Chairman of DOJUS Group, and NGL, the Lithuanian business angel syndicate of 33 business angels, also participated in the investment round, along with international institutional investors such as Advanzia Bank, the European digital bank based in Luxembourg.

The new investment will accelerate the development of the world’s first cross-border information-sharing platform for anti-financial crime, leveraging artificial intelligence and synthetic data.

“Securing this seed investment empowers us to fast-track our growth and broaden our reach,”

said Gabrielius Erikas Bilkštys, CEO of AMLYZE.

“Our upcoming platform is set to revolutionize information sharing among financial institutions, significantly contributing to a safer and more secure financial ecosystem.”