Marble raises €6.5M Series A led by Smartfin for its open-source fraud and AML platform
The Paris-based company Marble, which develops open-source software for fraud detection and anti-money laundering compliance, raised €6.5 million in its Series A round, with Smartfin as the lead investor.
This brings the total funding to €9 million, with ADNEXUS as a new investor, while existing investors Passion Capital, 42Capital, and Hexa have each increased their investments.
Marble provides a platform for banks, fintechs, and payment providers that need to detect fraud and comply with anti-money laundering and counter-terrorist financing regulations.
Risk and compliance teams can use Marble to create, test, and launch detection rules on their own, without waiting for lengthy IT projects. The platform can run on the customer’s servers or as a hosted service.
The company says more than 100 institutions in over 25 countries use it in their production processes. Nearly 70% of its customers are located outside France, and 70% of them made the switch...
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