Mopso startup active in anti-money laundering and financial crime prevention announces that it has closed a EUR 1 million seed round.
The capital increase was underwritten by Apside, the 50:50 investment joint venture owned by Intesa Sanpaolo and Zest, by Fin+Tech, the CDP Venture Capital National Accelerators Network programme dedicated to fintech and insurtech, with a follow-on investment and a further investment by Centro Istruttorie, a company belonging to Moltiply Group. The round also saw the participation of a number of business angels.
Mopso was born in Milan in 2021 from the experience of the founders, Andrea Danielli formerly of the Bank of Italy and Enrico Fangnoni an entrepreneur, with the aim of offering banks and financiers a modular software platform for the prevention of money laundering. Mopso’s products use the semantic web and digital identity to simplify compliance processes. Specifically, Brain software identifies suspicious transactions and risky customers by integrating millions of pieces of information from internal sources enriched with datasets and open source intelligence, while its algorithms perform risk profile searches and network analysis of connections. Amlet makes appropriate verification data portable and reusable within an ecosystem of intermediaries, after translating it into verifiable credentials. This simplifies onboarding procedures and prepares them for the use of the European digital identity wallet.
The startup, which has banks and SGRs among its customers, has seen a 70 per cent growth in turnover in 2024, partly due to the development of new business lines. Mopso is also active in the field of research and last year won a tender in Luxembourg for the PAMLA project, which involves the use of high-performance computing to rapidly train innovative machine learning algorithms.
“The quality and weight of the investors confirms the goodness of our project. We are already working to create the right commercial and industrial synergies, and we hope to be able to strengthen research and development activities with the support of strategic partners, while with the Moltiply Group galaxy we already see multiple areas of concrete collaboration,’ says Andrea Danielli, CEO of Mopso (pictured with the team), in a note.
“The investment in Mopso is fully in line with the strategy of Apside, whose primary objectives include supporting technology solutions that improve the efficiency and security of the financial sector. The solutions developed by the startup represent a step forward in automating compliance, simplifying due diligence processes and preventing risk in an increasingly complex regulatory environment,” says Enrica David, senior director shareholding and corporate venture capital at Intesa Sanpaolo and chair of Apside’s investment committee.
“Investing in regtech AML solutions like the one developed by Mopso means supporting a safer and more efficient financial market by improving regulatory compliance. With increasingly stringent regulations, advanced technologies are essential to protect financial institutions and strengthen confidence in the system. We believe that innovation in this field is a strategic opportunity for the future of the industry,’ adds Gabriele Ronchini, managing director of Zest Investments and vice chairman of Apside’s investment committee.
Mopso’s solution, which works on the automation of compliance processes to detect suspicious transactions in real time, convinced us from the very first meeting during the Fin+Tech accelerator selections,” emphasises Stefano Molino, senior partner and head of CDP Venture Capital’s Accelerators Fund. “Today we are very satisfied with this follow-on that has also involved other investors, a sign of the value of the path built with the Mopso team to make compliance faster, more automated, and more accurate.
“Strategic support to the financial ecosystem, both Italian and European, also stems from the continuous search for innovative solutions for critical and high value-added processes, making the most of excellent technological, operational and regulatory platforms. The adoption of advanced digital technologies, scalable infrastructures, systems for conscious data management, and the use of tools to ensure transparency and traceability, makes it possible to create sustainable and competitive value. Mopso and Moltiply share and want to leverage the ambition of being able to put innovation at the service of their customers, offering an integrated and dynamic ecosystem of digital services,’ says Alessandro Fracassi, CEO of Moltiply Group.
The round, which is conditional on certain turnover targets, will enable Mopso to increase its business activity internationally, towards some European countries, and to develop new functionalities for its products.
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