Slimmer AI, the Dutch AI startup has recently secured €4 million from a group of long-term strategic investors and experienced fintech entrepreneurs. Its investors include a number of international family offices and experienced tech entrepreneurs including Daniel Ropers (co-founder and former CEO of bol.com), Adriaan Mol (founder of Mollie Payments and co-founder of MessageBird) and Maikel Lobbezoo (former Head of Growth at Adyen).
In the current times, credit risk and fraud are major cost items for companies and over €30 billion is laundered due to the same every week across the world. Though policymakers have tightened regulations over the past two decades, the outdated technology deployed to detect suspicious transactions failed to keep up with the same.