Quotidien Finance, Corporate Finance, Crypto Finance, ICO, STO, Blockchain Daily News


              



Blockchain intelligence outfit Elliptic raises $5m


Startup Elliptic has closed a $5 million Series A funding round led by Paladin Capital Group, as it seeks to cash in on the distributed ledger craze with its technology for identifying illicit activity on the blockchain.
Santander InnoVentures, KRW Schindler, Digital Currency Group, and existing investor Octopus Ventures also joined the round. Paladin MD Christopher Steed will join the Elliptic board alongside Octopus Ventures, and Santander InnoVentures will join as a board observer.



Launched in 2013, with offices in London and New York, Elliptic uses graph analysis and machine learning to sniff out illicit activity in blockchain transactions. The firm claims top US and European Bitcoin exchanges and payment processors as customers and says it has also helped law enforcement agencies, providing actionable evidence on crimes such as arms trafficking and drug sales.

With firms and governments around the world investigating the use of distributed ledger technology for a host of purposes, the startup is confident of winning new business and says that the new funding will help it "consolidate its position as the global benchmark in blockchain compliance, fraud detection, and investigations technology".

Mariano Belinky, managing partner, Santander InnoVentures, says: "For distributed ledger technology to achieve widespread use, compliance departments and regulators will demand independent monitoring capabilities to combat insider trading, fraud, and money laundering. Elliptic is an authority in this area. We are delighted to be working with the team to help realise the potential of this exciting new technology."

www.elliptic.co

Pour lire tous les articles Finyear dédiés Blockchain rendez-vous sur www.finyear.com/search/Blockchain/

Participez aux conférences Blockchain éditées par Finyear :
www.blockchain.vision
www.assurchain.com

Les médias du groupe Finyear

Lisez gratuitement :

Le quotidien Finyear :
- Finyear Quotidien

La newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises de la finance d’entreprise et de la finance d'affaires.

Les 6 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- The FinTecher
- The Blockchainer
- Le Capital Investisseur

Le magazine trimestriel digital :
- Finyear Magazine

Un seul formulaire d'abonnement pour recevoir un avis de publication pour une ou plusieurs lettres

Tuesday, March 22nd 2016
Rate it


New comment:
Twitter

Your email address will not be published. Required fields are marked *
Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Finyear: latest news, derniers articles

Free Daily Newsletter / Newsletter quotidienne gratuite


Cryptocurrencies



Finyear - Daily News