Refine Intelligence
Platform for Combating Money Laundering
Company Overview
Snapshot
Founded in February 2022 by Uri Rivner, Zach Dahlgren, Alon Shacham, and Oren Kedem, Refine Intelligence operates with 11–50 employees. The company has raised $13 million across two funding rounds from six investors, with Glilot Capital Partners participating as a lead investor. In November 2023, the company secured additional Seed funding.
Business overview
Refine Intelligence is a Fintech & Insurtech company focused on combating money laundering and financial crime investigation. The company develops a proprietary AI-driven platform designed to reduce false positives in anti-money laundering alerts, which constitute a significant operational cost for banks. Its technology scans transaction monitoring systems to identify and 'greenflag' legitimate customer activity, thereby dramatically reducing investigation times. The platform also offers protection against check fraud, scams, and money mules, serving the financial services industry.
Strategic signal
In November 2023, Refine Intelligence raised $13 million in Seed funding, indicating strong investor confidence in its AI-driven solution for financial crime investigation. This capital infusion suggests the company is well-positioned to further develop its platform, expand its market reach, and address the growing operational costs associated with anti-money laundering compliance in the financial sector.
Company Intelligence Q&A
- When was Refine Intelligence founded?
- Refine Intelligence was founded in February 2022.
- Who are the founders of Refine Intelligence?
- The co-founders of Refine Intelligence are Uri Rivner, Zach Dahlgren, Alon Shacham, and Oren Kedem.
- What is Refine Intelligence's primary focus?
- Refine Intelligence focuses on combating money laundering by reducing false positives in financial crime investigations and compliance, utilizing a proprietary AI platform.
- How much capital has Refine Intelligence raised to date?
- Refine Intelligence has raised a total of $13 million in funding.
- When did Refine Intelligence last raise funding?
- In November 2023, Refine Intelligence secured Seed funding, with Glilot Capital Partners leading the round and Valley Venture Capital also participating.