First AML: Raises $21M in Series B Funding

First AML Raises $21M in Series B Funding

• First AML, a New Zealand-based customer Due Diligence (CDD) and Anti-money laundering (AML) tech company, raised US $21m (NZ $ 30m) in a Series B funding
• The round was led by Blackbird Ventures and Headline, together with participation from existing investors
• The company intends to use the funds to expand its solution to Europe and double its global headcount from 90 to 180 employees
• The platform automates the identity verification of customers, with complete visibility and management oversight and also includes biometric identification for remote verification
• Launched in 2017 in New Zealand, the company has since expanded to Australia in 2021