Regtech company based in Singapore Tokitaki We have secured funding from the True Global Ventures (TGV) Opportunity Fund. The total amount was not disclosed.
The funding will support Tookitaki’s expansion into key markets in Asia and strengthen its financial crime prevention technology.
Tookitaki’s platform, FinCense, uses AI to help financial institutions more effectively detect and respond to financial crime.
The company also operates the AFC Ecosystem, a collaborative platform where industry experts collaborate to improve crime detection models.
Both platforms leverage federated learning, allowing you to share insights without compromising data privacy.
Beatrice Lyon, general partner at True Global Ventures, said:
“Our investment in Tookitaki reflects our confidence in their groundbreaking technology and unique ability to combat financial crime across key markets in Asia.
As regulatory standards tighten and financial crime evolves, Tookitaki’s platform provides scalable, AI-driven solutions for AML and fraud prevention, helping 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 strengthen our FinCense and AFC ecosystem platforms.
TGV’s deep expertise in scaling technology businesses globally will be invaluable as we continue to provide financial institutions with the tools they need to effectively fight financial crime. ”
Thunes, a global cross-border payments company hold Acquired a majority stake in Tookitaki in 2022 with an investment of over 20 million USD.
