AI-native AML compliance platform Flagright has raised a $4.3 million Seed round to fuel its international expansion. The funding was led by Frontline Ventures, with contributions from high-profile angel investors, including former executives from Zalando, Revolut, GoCardless, and Advance.AI. Existing backers such as Y Combinator, Pioneer Fund, and Moonfire Ventures also reinforced their investment.
Headquartered in Singapore, Flagright provides a compliance operating system leveraging AI-native solutions for dynamic risk scoring, automated case management, real-time transaction monitoring, and AML screening.
“We built Flagright with AI at its core, allowing us to stay ahead of financial crime while legacy players struggle to adapt,” said co-founder Baran Ozkan. “This funding will help us further develop AI agents to keep financial companies one step ahead of bad actors.”
Flagright’s 50 banking customers report 90% fewer false positives, 87% less manual monitoring, and substantial improvements in compliance efficiency.
Frontline Ventures partner Will Prendergast emphasized Flagright’s market leadership: “We believe Flagright will be the compliance platform category winner and is on an IPO path.”
Flagright is doubling down on its North American presence in New York and San Francisco, alongside expanding its EMEA operations in London, Berlin, Singapore, and Bangalore.