Sinpex, an AI-powered platform for KYB / KYC lifecycle management, today announced its €10 million Series A financing round. Sinpex streamlines business client onboarding and continuous KYB compliance, empowering companies to meet the regulatory demands of the 2027 EU Anti-Money Laundering (EU AML) Regulation.
Sinpex is an all-in-one platform that unifies every stage of the customer and regulatory lifecycle. The SaaS solution is recognised for redefining digital client onboarding for businesses, including document acquisition, UBO identification, risk assessment, AML screening, ID&V, and ongoing reviews.
It combines an extensible KYB data model across multiple jurisdictions with AI-driven register and ownership analysis, resulting in fully audit-ready reporting and gold-standard compliance outcomes.
I spoke to the CEO and founder, Dr Camillo Werdich, to learn more.
Werdich founded Sinpex in 2019 after seeing first-hand the limits of existing compliance technology while working as a project lead in financial services at Deloitte.
Involved in selecting KYC tools for large banks, he found that most solutions failed to address the core problem: institutions were still burdened with highly manual, document-heavy processes, from ownership verification to data extraction. Poor data quality, slow workflows, and repetitive work left both banks and compliance teams frustrated.
“Everyone in the process was unhappy — the banks because the data was poor, the compliance teams because the work was incredibly repetitive.
That was the moment I realised technology should be able to fix this: improve efficiency, improve data quality, and remove a huge amount of manual effort at the same time. So I left Deloitte, started my PhD, and founded Sinpex.”
Financial institutions such as Otto Payments, Enpal, IKB, Bybit, Scayle Payments and KfW rely on Sinpex.
Turning fragmented corporate data into audit-proof compliance
While most people are familiar with KYC (Know your customer), it differs from KYB (Know your business).
According to Werdich, KYC for individuals, such as passport verification, was solved mainly 10 years ago. But KYB — onboarding corporate customers — is an entirely different problem.
“We focus 100 per cent on business clients. That means commercial registries, shareholder lists, contracts, ownership structures, documents in different languages, formats, and jurisdictions,” he explained.
These documents are often scanned, unstructured, and use different legal terminology across countries. The platform enables teams to extract precise information from heterogeneous document sets. But what is critical is not only extracting data, but also providing evidence.
“We don’t just say, “This is the beneficial owner.” We show exactly where in which document this information was found, shared Werdich.
“That auditability is essential for compliance.”
This empowers compliance teams to significantly reduce manual work while increasing consistency and regulatory robustness, including preparedness for the EU AML Regulation and support for KYB and transparency obligations across frameworks such as AMLD5/6, PSD2/3, DAC7, and the Supply Chain Transparency Act.
“On average, we reduce business onboarding time by around 80 per cent,” shared Werdich. “For large marketplaces and payment platforms, that makes a huge difference. “
Merchant onboarding used to involve a lot of back-and-forth, manual document checks, and long waiting times. Now, the platform automatically collects documents, verifies information, analyses ownership, and structures evidence in the background, dramatically improving the customer experience and allowing compliance teams to focus on exceptions rather than routine work.
How tougher AML enforcement is turning compliance into a growth-critical issue
Werdich asserts that geopolitically, “we see more sanctions, more enforcement, and much stronger expectations that financial institutions truly know who they are doing business with.”
“The European Union decided a few years ago to harmonise the AML framework across all member states, as it remains fragmented today. Germany, France, Luxembourg, and the Netherlands each had different rules, which created loopholes.
This will change with the new framework that will fully come into force by 2027.
A lot of things will become stricter, especially around Ultimate Beneficial Ownership and control structures. It will no longer be enough to look up a name in a database. Institutions will need documentary proof. They will need to show evidence. That means far more work — unless it is automated.”
From growth caps to multimillion-euro fines: the real cost of AML failures
The consequences of non-compliance are significant to institutions and customers. For example, regulators stop institutions from onboarding new customers. For example, In 2021, Germany’s financial watchdog, BaFin (Federal Financial Supervisory Authority), imposed a cap on N26’s customer growth due to deficiencies in its AML processes. Processes. Then, in May 2024, Germany’s financial regulator BaFin fined N26 €9.2 million for systematically filing suspected money-laundering reports late in 2022.
According to Werdich, “When I worked with a bank at Deloitte, the CEO once said: a money-laundering scandal is as bad for a bank as an aeroplane crash is for an airline. The trust damage lasts for years.”
In terms of investment, Werdlch sees an enormous transformation ahead in how financial institutions handle rising client expectations and regulatory demands in AML, KYC, and KYB.
“This investment allows us to accelerate our mission: delivering truly intelligent automation that meets rising regulatory requirements while enabling payment service providers, e-commerce platforms, banks, leasing, factoring companies, and asset managers to grow with confidence while meeting customer expectations for a seamless business relationship.
The round was led by BlackFin Capital Partners with participation from existing investors ACE Ventures and TX Ventures.
“We see the same need across all regulated industries we operate in, and regulatory scrutiny is bound to increase in the coming years. As such, we were looking for the right combination of sector expertise, depth of product and execution skills,” said Romain Grimal, Investment Director of BlackFin.
Europe as a regulatory first-mover advantage
The new capital will accelerate growth, reinforce Sinpex’s position as a category-defining Know Your Business (KYB) automation platform in Europe, and support expansion into key international markets.
Werdich said the company’s core market today is Central Europe, but it is increasingly working with international customers operating in the region who need to comply with European regulations.
“Europe is interesting because in areas like AML and compliance, regulation is often more advanced here than in the US or Asia. That gives European companies like ours a first-mover advantage. If you can meet European standards, you’re usually very well positioned globally.”
As the company scales, hiring remains a key priority, with team-building seen as just as strategic as product development.
“People make the difference,” he shared.
“Compliance technology is complex, regulated, and mission-critical. You need strong engineers, deep domain expertise, and a resilient team culture. For us, building the right team is just as important as building the right product.”
Source: tech.eu
