By PAUL O’DONOGHUE, Senior Correspondent
SINPEX, a platform that streamlines business client onboarding and continuous Know Your Business (KYB) compliance, has raised €10 million in a Series A funding round.
BlackFin Capital Partners, Europe’s largest financial services investor, led the round. Existing investors ACE Ventures and TX Ventures also participated.
Sinpex said it will use the money to “support expansion in key international markets, such as France and the Netherlands”.
Sinpex’s software unifies the customer and regulatory lifecycle. It supports:
- Document acquisition
- Ultimate beneficial owner (UBO) identification
- Risk assessments,
- AML screening
- Identity verification
- Ongoing compliance reviews.
“Sinpex combines an extensible KYB data model across multiple jurisdictions with AI-driven register and ownership analysis,” the company said. It added that this produces “fully audit-ready reporting”.
“This empowers compliance teams to significantly reduce manual work while increasing consistency and regulatory robustness,” it said.
Dr. Camillo Werdich, CEO and Founder of Sinpex, said: “We’re seeing an enormous transformation ahead in how financial institutions handle rising client expectations and regulatory demands.
“This investment lets us accelerate our mission: delivering intelligent automation that helps banks, payment providers, leasing firms, and asset managers meet regulatory requirements while focusing on their business.”
Romain Grimal, Investment Director at BlackFin, said the firm backed Sinpex for its sector expertise, product depth, and execution skills. “We are excited to support the team in building a pan-European champion for enterprise-grade regtech platforms,” he added.
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