Arachnys Raises $10M to Fund KYC Risk Tools Expansion

The funding will allow the vendor to accelerate a range of expansion strategies in response to growing industry demand, officials say.

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Arachnys' products identify customer risk and relationships.

London-based Arachnys, a provider of customer risk data to support Know Your Customer and Anti-Money Laundering requirements, has raised $10 million in Series A funding to accelerate product development, go-to-market efforts, and strategic partnerships.

Arachnys president Ed Sander says the vendor will accelerate the product roadmap of its Customer Risk Intelligence platform, which comprises the Spotlight, Navigator and Sentry tools for building and enriching existing institutions’ client profi

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