Greenlite
Platform that automates compliance and financial crime operations for banks and fintechs.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $15.0m | Series A | |
| Total Funding | 000k | ||
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Greenlite.ai is a cutting-edge startup that leverages artificial intelligence (AI) to streamline compliance tasks for financial technology (fintech) companies. The company focuses on automating entry-level tasks related to Anti-Money Laundering (AML), Bank Secrecy Act (BSA), and Know Your Customer (KYC) regulations. These tasks are crucial for financial institutions to prevent illegal activities such as money laundering and fraud.
Greenlite.ai serves fintech companies that need to comply with stringent regulatory requirements but want to avoid the high costs associated with manual compliance processes. By using AI agents, Greenlite.ai helps these companies handle large volumes of compliance-related tasks more efficiently and accurately. The AI agents are adept at ingesting alerts, reviewing onboarding processes, and monitoring sanctions, watchlists, Politically Exposed Persons (PEP), and adverse media cases. This allows fintech companies to onboard customers faster and manage high-risk clients more effectively.
The market Greenlite.ai operates in is the fintech compliance sector, which is growing rapidly due to increasing regulatory scrutiny and the need for more efficient compliance solutions. The company's business model is based on providing AI-driven compliance services on a subscription basis. Clients pay for the use of Greenlite.ai's AI agents, which can be customized to meet their specific compliance needs. This model ensures a steady stream of revenue while offering clients a scalable solution that grows with their business.
Greenlite.ai makes money by charging fintech companies for access to its AI compliance agents. These charges are typically structured as subscription fees, which can vary based on the volume of transactions and the complexity of the compliance tasks required. By automating these tasks, Greenlite.ai helps its clients reduce overhead costs and focus on growth, making it a valuable partner in the fintech industry.
Keywords: AI compliance, fintech, AML, KYC, BSA, automation, regulatory technology, subscription model, fintech compliance, customer onboarding.