Today I'm excited to share that
@usefootprint has raised a $25M Series B, bringing our total funding to $45M.
Financial institutions are in an arms race with cartels and oligarchs.
The movement of illicit money globally has grown by $1.3 trillion since 2023, now sitting at $4.4 trillion. And bad actors have taken full advantage of AI’s capabilities: generating fake identities and shell companies faster than any team can manually review.
Yet, the work to combat financial crimes is still being done the old way - risk teams sifting through spreadsheets, PDFs, and disconnected tools one case at a time.
AI lets us reimagine this sector.
We're solving for this at
@usefootprint by focusing on two things: time and memory.
→ Time: Percy runs your compliance program end-to-end in 1/10th the time, so your institution has extra eyes on every case, and your human analysts dedicate their time to the ones that truly matter.
→ Memory: Trust Fabric makes sure the grey area is removed and learnings are universal so your team (whether 5 or 500 people) catches more true positives and identifies fraud rings before they form.
With this raise, we're doubling down on the thesis that risk operations will be re-envisioned for the AI-native era. As AI increases financial crime in the global economy, we're building the defense system that can expand to meet and defeat it.
We're honored
@QEDInvestors doubled down on their conviction, leading our Series B two years after leading our Series A. The same goes for those who have invested since day one:
@lererhippeau,
@indexventures,
@BoxGroup, Operator Partners, Definition, and
@animalcapitalco. And for new investors
@am_mufg_jp,
@commercevc,
@lightbank, and
@alumniventures.
To the Footprint team: this company would be nowhere without your belief in building a digital world full of trust. I thank you from the bottom of my heart for being on this journey with us.
To our customers: thank you for trusting us with your most important decisions. Your partnership is helping us build a better future for financial crime compliance.
Full story on our blog:
onefootprint.com/learn/serie…