Elliptic raises $60m to help markets' crypto compliance

Crypto risk management firm Elliptic has raised $60 million in Series C funding to help increase its business with financial markets.

The financing round was led by Evolution Equity Partners alongside the SoftBank Vision Fund 2, with existing investors also contributing.

The round will help accelerate Elliptic's efforts in enabling financial markets to “embrace the crypto opportunity with trust and confidence”, said the firm.

The company serves traditional financial institutions, FinTechs, crypto firms and government agencies with a suite of compliance and investigative solutions built specifically for crypto assets. The software is used to uncover assets involved in money laundering, terrorism, fraud and other financial crimes.

Funds will be used for continued research and development, investment in the firm's global network and expansion of the Elliptic team.

Richard Seewald, founder and managing partner at Evolution Equity Partners, will join the Elliptic board of directors as part of the deal.

Simone Maini, chief executive of Elliptic, said: “This fundraising round is an endorsement of the opportunity for crypto assets in the financial industry and our critical role in the ecosystem.”

Seewald added: “The fundraise provides Elliptic more resources to expand their risk management platform to financial organisations, businesses and regulatory authorities around the world.”

Elliptic is headquartered in London with offices in New York, Singapore and Tokyo.

    Share Story:

Recent Stories

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.