# Strise AS

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

- Industry: Software
- Headquarters: Oslo, Norway
- Website: www.strise.ai
- Total disclosed funding: $12M
- Latest round: Series A (Sep 6, 2023)
- Investors on record: 3

## About

Based in Norway, Strise AS specializes in automating anti-money laundering (AML) processes, offering advanced solutions that streamline compliance for industries such as banking and insurance.Strise AS, founded in 2016 in Oslo, Norway, focuses on automating AML processes. The company has raised a total of EUR 10.00 mn through a Series A funding round led by Atomico, with the most recent deal occurring on September 6, 2023. The founders include Marit Rødevand, Michelangelo Pagliara, Patrick Skjennum, and Sigve Søråsen, with Marit Rødevand serving as CEO.Strise® offers a comprehensive suite of products designed to automate anti-money laundering (AML) processes across various sectors including banking, payment services, insurance, legal, and real estate. Their flagship product, the AML Automation Cloud, facilitates efficient client onboarding, compliance, and monitoring, featuring unified data management and automated KYC (Know Your Customer) and KYB (Know Your Business) processes. Strise caters to clients in numerous countries such as the United Kingdom, Norway, Sweden, and Germany, among others, ensuring compliance in high-regulation environments.In the most recent year, 2022, Strise generated a revenue of EUR 939,478.90, while reporting an EBITDA of -EUR 1,311,311.60. Revenue is primarily derived from subscription models for its AML automation tools, tailored to meet specific compliance needs.In September 2023, Strise AS raised EUR 10 million in Series A funding, led by Atomico, which will be utilized to enhance its European market reach and expand its industry focus. The company plans to introduce new products aimed at further automating AML processes and to enter additional geographical markets, although specific details regarding the targeted regions or product launch timelines have not been disclosed.

## Funding rounds

- Series A, Sep 6, 2023, $11M — Atomico
- Seed, Apr 24, 2020, $1.5M — Maki.vc, Northern Farmhouse Capital AS

## Investors

- Maki.vc (https://capitalatlas.ai/funds/maki-vc) — Seed
- Northern Farmhouse Capital AS — Seed
- Atomico (https://capitalatlas.ai/funds/atomico) — Series A