Dutch firm Sygno receives funding to combat financial crimes through AI

Leusden, the Netherlands-based Sygno, an AI specialist in the fight against fraud and money laundering, announced that it has received a strategic investment from TIN Capital and ROM Utrecht Region.

TIN Capital is one of Europe’s leading investors in cybersecurity and was founded in 1998. 

Since 2018, it has actively invested in promising cybersecurity companies through the Dutch Security TechFund.

In Q4 2023, it launched the European Cyber Tech Fund V, with a final closing expected in Q3 2025.

This fund focuses on Series A and B rounds in European scale-ups poised to become global leaders in their segment.

“Following our investment through the Dutch Security Tech Fund in Sygno, we’re pleased that ROM Utrecht Region is now contributing to Sygno’s international growth,” says Roel Reijnen, Partner at TIN Capital. “Financial institutions can significantly improve their approach to fraud and money laundering, and Sygno enables this without requiring changes to existing systems. This low-barrier approach is what makes Sygno successful.”

The Dutch company will use the funds to develop its explainable AI models, which help financial institutions detect suspicious transactions more quickly and reliably.

What does Sygno solve?

Financial institutions need to use AI to help prevent financial crime, but they face challenges due to strict regulations.

They must keep control of their data while ensuring their decision-making models are clear and trustworthy.

On top of that, there aren’t enough AI and machine learning experts, which makes it harder to innovate in this area.

Here’s where Sygno comes into play!

Sygno: Help fight financial crime through AI

Led by Sjoerd Slot, Sygno develops advanced AI solutions that help financial institutions automatically and accurately detect unusual transaction patterns.

The technology enhances existing transaction monitoring systems with AI, helping organisations structure their compliance processes more efficiently and reliably.

The company’s models are fully explainable and automatically generated, reducing dependence on scarce AI and compliance expertise.

Developed in Europe and operating on clients’ systems, the technology ensures full control over data and decision-making remains with the institution.

This enables them to proactively combat fraud and money laundering while reducing operational burdens and reliance on scarce AI and ML specialists.

“The investment from TIN Capital and ROM Utrecht Region contributes to the further strengthening of Sygno’s technology and market approach,” said Sjoerd Slot, CEO of Sygno. “The support from these partners underscores the importance of reliable, ethical, and European alternatives within the AI sector.”