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Strise

Functionality

AML + KYC

Description

Strise uses AI to automate KYC, KYB and onboarding; assisting organizations with risk management.
Norway
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Bio

Founded in 2019, Strise automates risk management with AI. Its platform supports compliance teams by integrating data collection, workflow automation, and real-time monitoring to facilitate customer due diligence and onboarding.

Year Founded

2019

Locations

EMEA

Key Market

Financial Services

Features

Adverse Media

AI Generated Reports

Case Management

Client Lifecycle Management

KYB

KYC

Ongoing Monitoring

Risk Scoring

Screening

Source of Funds

Transaction Monitoring

Market Focus

Segmentation

  • Mid Market

Target Markets

  • Financial Services
  • Professional Services

Local Group

  • ComplyAdvantage
  • Shufti Pro
  • Trulioo
  • LexisNexis Risk Solutions
  • Refinitiv
  • Veriff
  • IDnow
  • KYC Portal
  • Onfido
  • AML Partners

Data sources and Integrations

Market Map

Strise - Market Map

Strengths

  • Their is very well desgined from UX/UI stadnpoint.
  • Provides region-specific, up-to-date AML data, which helps users stay compliant with current regulations.
  • Connects disparate data, streamlining AML processes and cutting down the need for multiple vendor agreements.
  • It brings together different data, making AML processes easier and reducing the need for multiple vendor contracts.
  • Offers customisable AML automation tools that are user-friendly, allowing for easy data edits and additions

Weaknesses

  • Relying on external sources may introduce inconsistencies or delays in data accuracy.
  • Heavily depends on existing systems, integrating Strise’s solutions might require significant time, effort and cost of implementation, can be challenging for smaller firms.

Pricing

Aventine Rating

Aventine Comment

Raised

£15.4m

Round Details

Strise successfully raised a total of €15.4 million across five funding rounds, with its latest Series A round achieving €10 million on September 6, 2023.

Investors

Executives

Marit Rødevand
CEO
Daniel Drangsholt
CFO
Patrick Skjennum
Co-founder & CTO
Lars Lunde Birkeland
CMO
Sigve Søråsen
Co-Founder and Chief Product Officer
N/A