Total raised
$13.0M
Last: Seed 2023-11
Stage
Seed
Founded
2022
Headcount
20
HQ
Tel Aviv-Yafo
Sector
Fintech & Insurtech
About
Refine Intelligence is focused on fighting false positives in financial crime investigation and compliance, which comprise over 90% of anti-money laundering alerts.
Refine Intelligence has developed a novel approach to help banks reduce the growing operational costs of financial crime. Its proprietary AI scans anti-money laundering alerts from transaction monitoring systems and “greenflags” customers’ legitimate activity to dramatically reduce investigation time, and can also be used to protect against check fraud, scams and money mules.
Funding history · 2 rounds · $13.0M total
2023-11
Seed
$5.8M
2022-03
Seed
$7.2M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is Refine Intelligence's primary focus?
- Refine Intelligence focuses on combating false positives in financial crime investigation and compliance, specifically in anti-money laundering alerts.
- When was Refine Intelligence founded?
- Refine Intelligence was founded in February 2022.
- How much total funding has Refine Intelligence raised?
- Refine Intelligence has raised a total of $13 million in Seed funding. For a full financing history, please refer to startupim.
- When did Refine Intelligence complete its most recent funding round?
- Refine Intelligence completed a Seed funding round in November 2023, raising $5.8 million. Glilot Capital Partners was a lead investor.
- Which investors participated in Refine Intelligence's initial Seed round?
- In March 2022, Refine Intelligence raised $7.2 million in a Seed round with lead investors Glilot Capital Partners and SYN Ventures.
- What technology does Refine Intelligence utilize in its platform?
- Refine Intelligence utilizes proprietary AI to scan anti-money laundering alerts and identify legitimate customer activity.
- What is the approximate employee count for Refine Intelligence?
- Refine Intelligence has an employee count ranging from 11 to 50, with an exact count of 20 employees.
- Where is Refine Intelligence headquartered?
- Refine Intelligence is headquartered in Tel Aviv-Yafo, Israel.
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechFinancial Operations Software
Technologies
Artificial Intelligence
Target customers
Financial Services
Business model
B2BB2G
Tags
regtech