VC Fund Investments
Anti-money laundering tech player IntelleWings raises $650-K from DVC, others
Delhi-based IntelleWings Pvt Ltd, an AI-powered and SaaS enabled AML/CFT (anti-money laundering and counter-terrorist financing) compliance company, has raised USD 650,000 in pre-Series A round from Dallas Venture Capital (DVC). Existing investors SucSEED Indovation Fund, Padup Ventures and Vinners as well as new investors Lead Angels and Nextgen Technology Fund I (a fund created by STPI and managed by Pontaq) also participated in the round. IntelleWings has developed its proprietary AML/CFT global database for customer screening, along with CFT Sanctions and Adverse Media checks. Its IntelleWings Eye provides a simplified view for complex transactions and speeds up detection of money laundering patterns.
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