Unit21 builds an AI-powered risk and compliance platform for fraud detection, AML transaction monitoring, device intelligence and sanctions screening, used by over 200 customers in 90 countries.
Unit21 is an AI-powered risk and compliance platform founded in 2018 and headquartered in San Francisco. The company works on financial crime by bringing detection, investigation and decisioning together with intelligent automation. Its technical work spans artificial intelligence, machine learning, fraud detection, AML transaction monitoring, device intelligence, sanctions screening and AI agents.
The product suite covers the risk and compliance workflow: Payment Fraud Prevention, AML Transaction Monitoring, Device Intelligence, Customer Risk Ratings, Sanction Screening, AI Agents, Case Management and Regulatory Filing. The company says customers have reduced false positives by up to 80% and automated 85% of level 1 fraud reviews. It serves more than 200 customers across 90 countries, in financial services, fintech, banking, cryptocurrency, consumer finance and payments.
Unit21 has raised close to $100 million in funding. The company describes its mission as uniting "the world's fraud fighters and AML heroes to restore the financial ecosystem to its intended pathway of opportunity".
