Fintech Co. Raises $30M To Help Shield Banks From Crime

Law360, London (January 30, 2019, 12:54 PM GMT) -- A financial technology start-up said Wednesday that it has raised $30 million for a service that helps banks weed out clients linked to corruption, after major lenders including Deutsche Bank were rocked by allegations they failed to prevent money laundering.

Mimiro already has more than 350 customers, including Santander, in over 45 countries, the company's chief executive, Charles Delingpole, told Law360. It plans to expand to help more lenders fight financial crime following the boost from investors. The company uses software to identify clients who could cause a media scandal, fall foul of international sanctions, or who have links to questionable regimes or terrorism....

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