Armalytix

Functionality

SoF Aggregator

Description

Armalytix specialises in conducting Source of Funds and Source of Wealth investigations on behalf of law firms.
England
18

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Bio

Armalytix is a UK-based company that provides a specialised platform for Source of Funds (SoF) and Source of Wealth (SoW) verification. Their tool enables organisations, especially in the legal and financial sectors, to automate the collection and processing of financial data required for compliance. Through direct integration with banks and partnerships with tools like Minerva and First AML, Armalytix ensures that financial checks are done efficiently, meeting both regulatory and operational needs.

Year Founded

2019

Locations

England

Key Market

Legal

Features

Source of Funds

Source of Wealth

Market Focus

Segmentation

  • Mid-market

Target Markets

  • Legal
  • Accounting

Local Group

  • Minerva
  • Veriff

Data sources and Integrations

  • Minerva
  • Direct bank integrations

Market Map

Strengths

  • Regulated entity with direct integration access to banks.
  • Leading solution for automating SoF and SoW checks and investigations.
  • Integrates seamlessly with Minerva and First AML.

Weaknesses

  • Focuses solely on SoF, which may require additional tools for broader compliance needs.

Pricing

  • Minimum commitment of 10 transactions per month.
  • Charges apply only for completed reports.
  • Pricing ranges from £15 to £25 per report.

Aventine Rating

Aventine Comment

A great solution for companies managing high-volume SoF/SoW checks, with rapid onboarding and processing capabilities

Raised

£1m

Rounds

Round Details

Number of Funding Rounds 5

Investors

Executives

Richard McCall
CEO
N/A