Lithuanian Micapass, a regulatory technology startup secures €240k

Micapass, Vilnius-based regulatory technology startup that develops a crypto compliance tool to prevent criminals from funding their organizations has secured a €240,000 investment to develop its solution. The round was co-led by SUPER HOW? and FIRSTPICK.

• Founded by Gintarė Košubienė and Justas Rožėnas, Micapass is an on-chain AML compliance tool for the evolving DeFi ecosystem. It provides an AML wallet screening and continuous KYC/AML monitoring designed for DeFi protocols, enabling the identification of bad actors, helping to prevent potential sanctions, and ensuring regulatory compliance.

• The fresh investment was backed by Vilnius-based innovation lab SUPER HOW?, a research and development company with experience in blockchain, AI, and CBDC-related projects, and Baltic startup accelerator FIRSTPICK, that in June this year launched its 3rd acceleration program for Baltic startups.

• The startup aims to use the investment to continue developing its solution that prevents bad actors from entering the protocol.

“Seeing the global need for streamlined AML crypto compliance solutions, more businesses are developing mechanisms that can be easily integrated with DeFi protocols and ensure continuing AML/KYC monitoring. Micapass team will use the investment to develop a fully decentralized compliance tool with AI-based suspicious activity alerts and multichain support,”

Gintarė Košubienė, CEO and the co-founder of Micapass says.