Mimiro has completed a Series B funding round of $30 million to continue its efforts to fight financial crime.

‘We exist because globalisation is intensifying the business problems of trust,’ says Mimiro’s CEO & founder Charles Delingpole.

Mimiro, formerly ComplyAdvantage, helps firms make intelligent risk decisions, faster. They provide data intelligence to help firms understand the risk of who they’re doing business with, while automating compliance & risk processes.

As Mimiro continues to expand its technology, the flow-on effects for RapidID's clients are massive. Through Mimiro's AI powered systems, RapidID's customers will continue to access the worlds leading AML data covering Politically Exposed Persons (PEPS), Sanctions, Terrorism Watch-lists & Adverse Media records.

The AI is now working so efficiently, when the OFAC/PEP list was released by the Trump administration on the 5th November 2018, just 3 minutes after the list was announced, all the new records were available within the Mimiro database.

To put this into context, this was 1.5 hours earlier than the email announcing the updated records went out by the Trump administration. This is the true power of having a partnership with Mimiro, as its legacy competitors still need to update records with manual entries.

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To find out more information about the partnership & its benefits, please contact RapidID via email at hello@rapidid.io

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