First AML
Functionality
Client Onboarding
Description
First AML has a client onboarding platform tailor made for the legal and financial services markets.
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Bio
With offices in New Zealand, Australia and the UK, the company serves a global market, focusing on legal firms, financial services, and other highly regulated industries. The platform is recognized for its robust KYB Unwrap feature, biometric identity verification, and customisable dashboards.
Although relatively new, First AML is quickly gaining traction due to its extensive international coverage and the ability to automate complex workflows.
Year Founded
2017
Locations
Global Coverage
Key Market
Legal
Features
Adverse Media
Automatic Follow-Ups
Bulk Actions
Case Management
KYB
KYC
Ongoing Monitoring
Risk Assessments
Risk Scoring
Screening
Source of Funds
Market Focus
Data sources and Integrations
- Screening through ComplyAdvantage
- Know Your Customer for KYB
- Actionstep
- Armalytix
Market Map
Strengths
- Comprehensive, easy to use and super slick
- Excellent KYB Unwrap and bulk KYC/Screening actions, making due diligence a breeze
- Strong international coverage and highly customisable with numerous settings and workflow automations for different offices/practice areas.
Weaknesses
- As a new platform, some features are still in development, such as the questionnaire functionality
- Lacks Source of Funds/Source of Wealth (SoF/SoW) capabilities, necessitating the use of third-party solutions like Armalytix.
- Limited to AML functions without broader client onboarding features such as e-signatures or payments.
Pricing
- Requires minimum commitment of £10,000
- Platform + Credits model, pricing scales based on usage, number of users, and checks conducted.
Aventine Rating
Aventine Comment
Great dashboard, great KYB flow to verifications and risk assessment - highly recommend for b2b onboardings
Raised
£29.4m
Round Details
Investors
- Bedrock Capital
- Headline Ventures
- Blackbird Ventures
- Icehouse Ventures
Executives
Bion Behdin
Co-Founder - CRO
Milan Cooper
Co-Founder - CEO
Chris Caigou
Co-Founder - CCO
N/A