Key Takeaways
- • Covalent Equity Partners has made a significant growth investment in AML Analytics; terms were not disclosed.
- • AML Analytics, founded in 2010, provides independent testing, validation and risk analytics to more than 50 supervisory authorities and over 1,450 financial institutions in nearly 60 countries, including central banks.
- • Founder and group CEO Justin Holder will continue to lead the company.
- • Proceeds will fund the engineering roadmap, AI-powered testing engines and global expansion.
- • FT Partners and Mills & Reeve advised AML Analytics; McGuireWoods and Code & Co advised Covalent.
Summary
Covalent Equity Partners has made a significant growth investment in AML Analytics, according to the company's announcement. The terms of the transaction were not disclosed. Founder and group CEO Justin Holder will remain in his role and continue to lead the company.
AML Analytics tests whether the anti-money-laundering and sanctions-screening controls of banks and regulators catch what they are meant to catch. Founded in 2010, the company provides independent testing, validation and risk analytics to more than 50 supervisory authorities and over 1,450 financial institutions across nearly 60 countries, including central banks. Its client base places it at the center of compliance oversight for the global financial system.
The new capital will be directed toward the company's engineering roadmap, its AI-powered testing engines and international expansion. John Woyton, co-founder and managing partner of Covalent, said the firm will help AML Analytics scale its platform.
Covalent, headquartered in Miami with a hub in San Francisco, invests in data-rich, mission-critical technology companies. FT Partners and Mills & Reeve advised AML Analytics on the transaction, while McGuireWoods and Code & Co advised Covalent.
AML Analytics tests whether the anti-money-laundering and sanctions-screening controls of banks and regulators catch what they are meant to catch. Founded in 2010, the company provides independent testing, validation and risk analytics to more than 50 supervisory authorities and over 1,450 financial institutions across nearly 60 countries, including central banks. Its client base places it at the center of compliance oversight for the global financial system.
The new capital will be directed toward the company's engineering roadmap, its AI-powered testing engines and international expansion. John Woyton, co-founder and managing partner of Covalent, said the firm will help AML Analytics scale its platform.
Covalent, headquartered in Miami with a hub in San Francisco, invests in data-rich, mission-critical technology companies. FT Partners and Mills & Reeve advised AML Analytics on the transaction, while McGuireWoods and Code & Co advised Covalent.
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