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Just over a year after its first round, Dotfile is raising €6M in Series A+ funding led by Seaya Ventures, with continued support from Serena Capital and Hexa. Founded in 2021 within our startup studio, Dotfile is on a mission to turn compliance from a burden into a competitive edge—using the power of AI.
Making compliance smarter
Dotfile’s all-in-one platform is transforming the compliance space by automating processes for financial institutions, helping them onboard customers faster and stay compliant with Anti-Money Laundering regulations. What sets them apart is their leadership in Know-Your-Business (KYB) processes, which are traditionally slow and costly. Dotfile’s platform pulls data from dozens of sources to deliver a full business profile in just 10 seconds.
With over 50 clients across 10 countries—including fintech leaders like Spendesk and Younited Credit—Dotfile is proving that compliance can be both efficient and cost-effective.
Scaling up with AI and international growth
Dotfile is expanding rapidly. After opening an office in London, the company plans to establish a presence in other key financial markets. This latest funding will fuel their push into generative AI, a game-changing development for compliance processes, and support their continued international expansion.
Banks currently spend up to 10% of their revenue on compliance, often relying on outdated systems. Dotfile’s innovative AI is helping institutions modernize and reduce costs, making them the partner of choice for businesses looking to streamline their compliance operations.
Backing from top investors
Seaya Ventures, which led this round, has been closely monitoring the RegTech space and recognizes Dotfile as a standout. Their investment is a strong endorsement of Dotfile’s vision and their potential to transform the compliance landscape.
What’s next for Dotfile?
With €6M in new funding, Dotfile is focused on expanding further into key financial hubs across Europe. The company is also set to intensify its R&D efforts, particularly in generative AI, to push the boundaries of what’s possible in compliance automation. As more financial institutions look to modernize, Dotfile is positioning itself as the leading partner in this evolving space.
Find out more about Dotfile on their website.
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