Today we announce our investment in Sinpex, a provider of compliance and AML solutions for business clients. This €4 million Seed round is jointly led by us alongside TX Ventures, with participation from existing investors EquityPitcher, AI Fund, and notable angels. This is the first investment out of our newly launched ACE Swiss Tech Outliers.
"In light of current regulatory developments, the fight against money laundering is increasingly important and in high demand across industries. 2023 was an extremely successful year, during which we won significant logos and customers and even touched profitability. Our oversubscribed round led by European and global investors is a testament to our success, and we look forward to partner with them to accelerating our growth," says Dr. Camillo Werdich, founder and CEO of Sinpex.
Steve Salom, Partner at ACE Ventures, adds: "We are pleased to announce our investment in Sinpex, a revolutionary company in the onboarding of business customers. Under the leadership of Camillo, Sinpex is not only transforming the customer onboarding of regulated and non-regulated companies but also the continuous verification of their data. Sinpex supports one of the biggest challenges in the financial services industry and enables companies to turn compliance into a strategic advantage. We look forward to supporting Sinpex on its way to becoming a market leader in this category."
Jens Schleuniger, Managing Partner at TX Ventures, says: "Know-your-Business processes are complex, expensive, and pose a real business risk for financial institutions. Accordingly, we were thrilled when we analyzed Sinpex’s software solution more closely. The team around Camillo has, in our opinion, created a new market standard – also through the use of modern technologies. We are accordingly very happy to support the Sinpex team and lead the funding round."
Diane Siegloch, who has been working as Head of Sales since June 2022, is appointed Co-Managing Director alongside Dr. Camillo Werdich in the funding round and will assume the role of Chief Sales Officer (CSO) in the future.
About Sinpex
Sinpex is a pioneer in automated identification and compliance solutions for business customers. The cloud-based software reduces the manual effort in collecting and verifying compliance-relevant data while simultaneously increasing the accuracy in legitimizing business relationships through the use of artificial intelligence and natural language processing. Sinpex was founded in 2019 and is based in Munich. Clients such as Deloitte, Riverty, and Noventi trust Sinpex.
More information at https://www.sinpex.de/