Singapore-based regtech firm Tookitaki has secured funding from True Global Ventures (TGV) Opportunity Fund. The sum was not disclosed.
This funding will support Tookitaki’s expansion across key Asian markets and bolster its financial crime prevention technology.
Tookitaki’s platform, FinCense, uses AI to help institutions detect and address financial crime more effectively.
The company also operates the AFC Ecosystem, a collaborative platform where industry experts work together to improve crime detection models.
Both platforms utilise federated learning, allowing for shared insights without compromising data privacy.

Beatrice Lion, General Partner of True Global Ventures, said,
“Our investment in Tookitaki reflects our confidence in their groundbreaking technology and unique ability to tackle financial crime across Asia’s key markets.
As regulatory standards tighten and financial crime evolves, Tookitaki’s platforms provide scalable, AI-driven solutions for AML and fraud prevention that will help institutions stay ahead of these challenges.”

Abhishek Chatterjee, Founder and CEO of Tookitaki, added,
“This partnership comes at a pivotal time for Tookitaki, allowing us to expand our reach in key Asian markets and further enhance our FinCense and AFC Ecosystem platforms.
TGV’s deep expertise in scaling technology businesses globally will be invaluable as we continue to empower financial institutions with the tools they need to effectively combat financial crime.”
Global cross-border payments firm Thunes holds a majority stake in Tookitaki following an investment of over US$20 million in 2022.