Breaking Update
Fincom Secures Series B Funding, Partners with Nasdaq Verafin
Israeli fintech company Fincom has raised an undisclosed sum in its Series B round led by Nasdaq Ventures, with participation from ...
Jerusalem, 14 May, 2025 (TPS-IL) — Israeli fintech company Fincom has raised an undisclosed sum in its Series B round led by Nasdaq Ventures, with participation from Macquarie Group, G1 Ventures, and existing investors. The funding will support Fincom’s global expansion and product development, including enhanced Politically Exposed Person (PEP) screening and payee verification services.
As part of the deal, Fincom is partnering with Nasdaq Verafin to integrate its AI-powered sanctions screening and anti-money laundering (AML) technology with Nasdaq’s financial crime management platform. The partnership aims to help banks reduce false positives and cut compliance costs by over 80%.
