Finanzierungsrunde: Sinpex
TX Ventures and ACE Ventures are jointly leading the financing round, in which existing investors EquityPitcher and AI Fund participate. With this financing, the start-up Sinpex, a provider of compliance and AML (anti-money laundering) solutions, intends to expand its growth and prepare for international expansion.
Jens Schleuniger, Managing Partner at TX Ventures says: "Know-your-business processes are complex, expensive and represent a real business risk for financial institutions. We were therefore very excited when we took a closer look at Sinpex's software solution. In our opinion, the team around Camillo has created a new market standard - also through the use of modern technologies. We are therefore delighted to have been able to support the Sinpex team and to have contributed to the financing round."
Sinpex is a Natural Language Processing (NLP) software for financial institutions with a focus on KnowYourCustomer processes. These are processes by which banks obtain information about the identity and address of customers. These processes help to ensure that the banks' services are not misused. They have developed a special NLP model that is very flexible and at the same time specialized in the documents of the KYC processes. The KYC questionnaires can be highly automated and saves analysts up to 70% of their working time. In addition, Sinpex automatically creates audit-proof reports in which every data point can be transparently tracked.
"In light of current regulatory developments, the fight against money laundering is becoming increasingly important and is in demand across all industries. We can look back on a very successful 2023, in which we were able to acquire significant customers and achieve temporary profitability. I am delighted that the financing round was oversubscribed and that we were able to attract renowned investors as partners for our growth."