Lithuanian regtech AMLYZE raises $1M pre-seed round

The Vilnius-based firm AMLYZE, specializing in anti-financial crime solutions, has raised $1 million of investment led by Practica Capital. The funding will be used to scale AMLYZE’s SaaS business and accelerate international expansion.

  • AMLYZE is a SaaS provider that offers a suite of anti-financial crime solutions for fintechs, neo-banks, and crypto businesses. Its comprehensive modules include real-time and retrospective transaction monitoring, customer risk assessment, and AML investigation.
  • The startup’s goal is to increase security levels to a higher level, actualizing companies’ internal standards and avoiding reputational and financial damage.

“As our mission is to help the world overcome financial crime, we have assembled a core team comprising seasoned IT and anti-financial crime professionals, as well as former regulators and supervisors with backgrounds in central banking and law enforcement. We consider ourselves industry experts who possess an insider’s perspective on the sector, enabling us to assist financial institutions in meeting escalating regulatory requirements and enhancing their compliance efficiency,”

Gabrielius Bilkštys, CEO and co-founder of AMLYZE, stated.
  • The round was led by Lithuanian Practica Capital, an early-stage VC dedicated to backing Baltic founders. The firm made over 50 investments, including such companies like Atrandi Biosciences, HeavyFinance, Oxipit, Watalook and others. The pre-seed round also saw participation from the Lithuanian accelerator, FIRSTPICK. 
  • AMLYZE plans to spend the fresh investment to scale AMLYZE’s business model, facilitate international expansion, and introduce advanced functionalities to its core product offering.