Flagsright raises $12.5 million in Series A funding, led by Infinity Ventures
According to PRNewswire, Flagright, an AI financial compliance infrastructure, has raised $12.5 million in Series A funding, led by Infinity Ventures and with participation from Y Combinator, Sella Direct Ventures, and Frontline. The funds will be used to promote the expansion of explainable AI compliance scenarios, integrating transaction monitoring, blacklist screening, risk scoring, case management, AI forensics, and governance processes into a unified platform that supports banks, payment, lending, and brokerage institutions in responding to financial crimes.
