Fourthline provides AI-driven identity verification and compliance technology focused on financial institutions, offering KYC and AML tooling. Its platform performs roughly 200 checks, spanning ID document analysis, biometric verification, sanctions-list screening and other data checks using proprietary computer-vision models, OCR and machine learning. The company says its approach identifies 60% more fraud with a 99.98% accuracy rate and helps vet “millions” of consumers every year. Customers include N26, Qonto, Trade Republic, FlatexDEGIRO, Scalable Capital, NN, Western Union and marketplaces like Wish. Fourthline is concentrating exclusively on the financial sector and has no current plans to pursue adjacent services (for example, credit scoring) or government ID programs. The startup has grown ~80% annually over the past five years and will allocate the new funding to further R&D and authentication capabilities.

Total raised

$54M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2023