Financial Crime Fintech Quantexa Raises $64.7mn Series C

Financial crime fintech Quantexa raised a $64.7mn series C round from HSBC, ABN Amro Ventures, Evolution Equity Partners, Dawn Capital, AlbionVC and Accenture; the company’s software helps to identify transactional patterns and criminal activity in broader networks; banks have started to invest more heavily in technology to help fight financial crime as criminals have been able to stay ahead of the curve; the current crisis has also accelerated the need for this technology, fraudsters and criminals are always on the lookout for how to exploit a crisis; Quantexa plans to use its fresh funding to expand further into North America, the Asia-Pacific region and Europe; the firm also intends to develop additional applications across financial services and other sectors. American Banker.