# Fincom

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fincom

- Industry: Software
- Headquarters: Petah Tikva, Israel
- Website: www.fincom.co
- Total disclosed funding: $2M
- Latest round: Series B (May 13, 2025)
- Investors on record: 6

## About

Based in Israel, Fincom, also known as Phonemix, specializes in advanced compliance solutions, offering efficient Anti-Money Laundering (AML) and sanctions screening systems for financial institutions and businesses.Fincom was founded in 2016 in Petah Tikva, Israel, focusing on providing compliance solutions for AML and sanctions screening. The company has successfully closed 3 deals to date, with its most recent deal occurring on May 13, 2025. Fincom raised USD 2.00 mn in a Series A funding round led by AnD Ventures, which represents the entire amount raised by the company.Fincom specializes in advanced AML compliance and OFAC sanctions screening solutions, primarily designed to enhance accuracy and efficiency in regulatory processes for financial institutions. Central to their offerings are proprietary technologies including Phonetic-Linguistic and Entity Resolution engines, which utilize innovative Phonetic Fingerprint Technology for real-time name matching across 44 languages. This capability significantly reduces alert rates from an average of 30-50% to just 5%, minimizing processing times from 8 minutes to 0.5 minutes, thereby streamlining operations for clients. Fincom's products are primarily targeted at banks, credit unions, e-commerce platforms, and insurance companies, with a focus on meeting regulatory requirements across the United States and other international markets.The company's revenue model is built around providing comprehensive AML compliance solutions and sanctions screening services through subscription-based structures and direct partnerships with their client base. Clients typically include a variety of financial institutions and e-commerce businesses that engage Fincom's services to ensure compliance with AML regulations and to streamline their transaction processes. While specific pricing details for individual services are not disclosed, the offerings include a suite of solutions such as the AML Suite for Financial Institutions and various payment screening products. These services enhance operational efficiency and compliance, allowing clients to effectively manage risks associated with financial transactions.In May 2025, Fincom raised USD 2.00 mn in Series B funding, led by Nasdaq Ventures with participation from G1 Venture Capital and Macquarie Group, along with returning investors. The company plans to use this funding to expand internationally, enhance its sanctions screening capabilities, and introduce new services for politically exposed persons screening, adverse media monitoring, and payee verification.

## Funding rounds

- Series B, May 13, 2025 — ff Venture Capital, Macquarie Group, Nasdaq Ventures, G1 Venture Capital, AnD Ventures
- Series A, Jun 29, 2023, $2M — AnD Ventures
- Seed, Nov 9, 2021 — ff Venture Capital, VentureIsrael

## Investors

- ff Venture Capital (https://capitalatlas.ai/funds/ff-venture-capital) — Seed, Series B
- VentureIsrael (https://capitalatlas.ai/funds/ventureisrael) — Seed
- AnD Ventures (https://capitalatlas.ai/funds/and-ventures) — Series A, Series B
- Macquarie Group (https://capitalatlas.ai/funds/macquarie-group) — Series B
- Nasdaq Ventures (https://capitalatlas.ai/funds/nasdaq-ventures) — Series B
- G1 Venture Capital (https://capitalatlas.ai/funds/g1-venture-capital) — Series B