Hawk is a leading tech platform that supports financial institutions and fintech companies to combat financial crime through state-of-the-art anti-money laundering and fraud detection services. Following the initial investment by Rabo Investments Corporate Venturing (RICV) in June 2024, Hawk successfully raised a USD 56m Series C funding round, led by One Peak, joining existing investors Macquarie, BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition. This new funding round will enable Hawk to continue its global expansion and fuel product innovation and AI development.
Founded in 2018, Hawk empowers banks to move beyond traditional rules-based approaches to anti-money laundering and fraud. Conventional systems pose significant challenges for compliance teams, including large volumes of false positive alerts that require review, leading to staffing issues and increased costs. Meanwhile, criminals find ways to circumvent the rules, resulting in overlooked illicit activities. Hawk’s AI-powered technology dramatically enhances accuracy, detecting more crime while reducing false positives.
“Every financial institution that wants to reduce compliance workloads and increase the accuracy of risk detection should be using AI to achieve those goals” said Tobias Schweiger, CEO of Hawk. He added: “AI is in our DNA at Hawk. Our mission is to provide financial institutions with the technology, the expertise and the support that they need to realize the transformative impact that machine learning and generative AI can have across their anti-financial crime operations. This investment enables us to further our mission, and we’re grateful to One Peak for their support, as well as the continued trust of our existing investors.”
More about Hawk: Hawk – Increase Your Risk Coverage. Improve Efficiency.