Munich-based Hawk AI, a money-laundering detection and investigation platform, has announced that it has raised $10M (approx €8.37M) in its Series A round of funding. The funding was led by fintech specialist BlackFin Capital Partners. In addition, existing investor Picus Capital also participated in this round.
The raised funds will enable Hawk AI to strengthen its European and US footprint, while also expanding to Singapore and the United Arab Emirates. Additionally, the company also expects to double its employee headcount by the end of 2022.