Hawk, a provider of AI-driven fraud prevention and anti-money laundering (AML) technology, has secured additional Series B funding with Macquarie Capital.
Macquarie Capital joines Hawks’ existing investor group, which includes Rabobank, BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition.
This new funding aims to enhance Hawk’s international growth as demand for its AI-powered anti-financial crime technology continues to rise.
Hawk’s technology enables financial institutions to improve the efficiency of financial crime detection and prevention while adhering to AML/CFT regulations.
Since its founding in 2018, Hawk has reported significant global growth, monitoring billions of transactions worldwide.
The company’s explainable AI approach reduces false positives compared to traditional AML/CFT solutions and uncovers previously undetected crimes.
Hawk’s technology can either complement or replace traditional systems with AI-powered transaction monitoring, payment screening, perpetual KYC, and real-time fraud prevention, offering greater accuracy and reduced noise.
“Hawk is a very exciting company. Their AI-centric approach to combatting financial crime is delivering impressive results, while the completeness of their enterprise solution in bringing AML, sanction screening and fraud prevention together really sets them apart from other vendors in this space.
We look forward to supporting the growth of the company through our investment and expertise,”
said Elmar Broscheit, Global Co-Head of Macquarie Capital Venture Capital.
“The global banking sector has recognized the enormous potential of AI in preventing, detecting, and managing financial crime.
Leveraging Macquarie Capital’s network and experience scaling successful risk software businesses will enable us to further expand our client base in Asia-Pacific, the US and beyond,”
said Tobias Schweiger, CEO and Co-founder of Hawk.
