Unit21

Unit21 is a company dedicated to combating financial crime through its innovative no-code risk and compliance platform. Founded in 2018 by Trisha Kothari and Clarence Chio, the company aims to protect businesses from a variety of sophisticated financial risks, including money laundering, fraud, and other illicit activities. Unit21's platform is designed to be highly flexible and customizable, empowering risk and compliance teams to model, detect, and remediate suspicious activity without requiring extensive engineering resources. The company's core offerings include transaction monitoring, identity verification (KYC/KYB), case management, operations management, analytics, and reporting. This comprehensive suite of tools enables businesses to streamline their risk and compliance operations, enhance fraud prevention, and ensure adherence to regulatory requirements.

Unit21 serves a diverse clientele, ranging from large Fortune 500 companies to emerging startups across various sectors such as financial institutions, fintech companies, marketplaces, neobanks, payment processors, and cryptocurrency businesses. The company emphasizes a collaborative approach to fighting financial crime, highlighted by initiatives like the Fintech Fraud DAO, a consortium allowing FinTechs to share data to identify and prevent fraud. Unit21's technology has demonstrated significant impact, with customers reporting substantial reductions in fraud loss, false positives, and investigation times. The company has received significant backing from prominent investors, including Google, Tiger Global Management, and South Park Commons, underscoring its potential and growth in the regtech and cybersecurity spaces. Unit21 is committed to continuous innovation, regularly launching new features such as AI-powered check fraud prevention and real-time monitoring capabilities to address evolving threats in the financial ecosystem. The company's mission is to unite fraud fighters and AML heroes to restore safety and opportunity to the financial world.