Elucidate

Elucidate is a financial crime risk management company that aims to simplify the scoring, pricing, and management of financial crime risk for financial institutions. The company has developed the Elucidate FinCrime Index (EFI), an automated platform in partnership with leading global correspondent banks, which enables institutions to benchmark and price financial crime risk effectively. Notably, Elucidate is an approved benchmark administrator, authorized by the Federal Financial Supervisory Authority (BaFin) and registered with the European Security and Markets Authority (ESMA). Founded in 2018, Elucidate operates in the Financial Services and Information Technology industries, with its headquarters in Germany. The latest milestone for the company is the successful completion of a $8.00M Seed Round investment on 11 May 2022, with participation from prominent investors including AV8 Ventures, Frontline Ventures, SixThirty, Apex Ventures, Elevator Ventures, Start Ventures, Raiffeisen Bank International, and Tommy Nicholas. Elucidate's innovative approach and strategic collaboration with renowned institutions position it favorably in the evolving landscape of financial crime risk management. This recent funding round is expected to fuel the company's growth and further solidify its presence in the market.