Hawk, a provider of AI-powered anti-fraud and anti-money laundering (AML) technology, has secured further Series B funding from Macquarie Capital.
Macquarie Capital joins Hawks’ existing investor group. RabobankBlackFin Capital Partners, Sands Capital, DN, Picus and Coalition.
The new funding is intended to fuel Hawk’s international growth as demand for its AI-powered anti-financial crime technology continues to grow.
Hawk’s technology enables financial institutions to improve the efficiency of detecting and preventing financial crime while complying with AML/CFT regulations.
Since its founding in 2018, Hawk has experienced significant global growth, monitoring billions of transactions around the world.
The company’s explainable AI approach reduces false positives compared to traditional AML/CFT solutions and uncovers previously undetected crimes.
Hawk’s technology can complement or replace traditional systems with AI-powered transaction monitoring, payment screening, persistent KYC and real-time fraud prevention, improving accuracy and reducing noise.
“Hawk is an incredibly exciting company – their AI-centric approach to fighting financial crime is delivering impressive results and the completeness of their enterprise solution, integrating AML, sanctions screening and fraud prevention, sets them apart from other vendors in the space.
We look forward to supporting the company’s growth through our investment and expertise.”
Elmar Broscheidt, Global Co-Head of Venture Capital at Macquarie Capital, said:
“The banking industry worldwide has recognised the huge potential of AI in preventing, detecting and managing financial crime.
“Leveraging Macquarie Capital’s network and experience in expanding its risk software business will enable us to further expand our client base across Asia Pacific, the US and beyond.”
“Hawk is a game maker, and we’re excited to partner with them to help accelerate our transformation,” said Tobias Schweiger, CEO and co-founder of Hawk.
