Lucinity develops AML software built on a 'Human AI' approach that combines next-generation artificial intelligence with human expertise. Its platform learns from every interaction and continuously improves, aiming to deliver fewer false positives and save time for investigators. The company serves customers ranging from Tier-1 banks to FinTechs and operates globally, with headquarters in Reykjavík. Lucinity has announced partnerships with Experian and Seon to enhance KYB, risk assessments, and joint AML/fraud solutions. The company intends to use new funding to accelerate growth and expand geographic coverage for its Human AI technology. Lucinity is led by founder and CEO Guðmundur Kristjánsson.

Total raised

$17M

Funding rounds

1

Latest round

Series B

Latest activity

Jul 2022