Sandbar offers an API-based, plug-and-play transaction monitoring product that detects AML, fraud, and counter-terrorism risks across financial products and services. The platform centralizes data and provides flexible off-the-shelf and custom rules for 100+ typologies and 10+ products, ongoing watchlist screening, simplified case management, SAR preparation, multi-currency support, key monitoring metrics, and access to raw data tables. Sandbar’s product launched publicly and is available now for B2C and B2B companies that move money directly or indirectly, with testing environments available in minutes. The company says its solution reduces engineering burden, consolidates multiple compliance products, prioritizes alerts, automates casework, and aims to reduce false positives and duplicate flagging. Sandbar is backed by founders, early employees, and executives from companies including OpenAI, Credit Karma, Google, and Figma, and has received endorsements from leaders at Stripe, Coinbase, and Visa. The recent seed funding will be used to further develop the product, expand the pipeline, and support customers as Sandbar accelerates growth.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2023