Hawk, a provider of AI-driven fraud prevention and anti-money laundering (AML) technology, has secured additional Series B funding from Macquarie Capital. This investment joins existing backers, including Rabobank, BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition.
The new funding will support Hawk’s international expansion as demand for its AI-powered anti-financial crime technology grows. Hawk’s technology enhances the efficiency of financial crime detection and prevention while ensuring compliance with AML/CFT regulations. Founded in 2018, Hawk has experienced significant global growth, monitoring billions of transactions worldwide.
Hawk’s explainable AI reduces false positives and uncovers previously undetected crimes, offering financial institutions a more accurate and efficient alternative to traditional AML/CFT systems. The technology can complement or replace existing systems with AI-powered transaction monitoring, payment screening, perpetual KYC, and real-time fraud prevention.
