Founded in Italy in 2021 and now based at the Luxembourg House of Financial Technology (Lhoft), the regtech startup Mopso has secured a €1m seed round. The company, which specialises in anti-money laundering and financial crime prevention, offers a know-your-customer platform with two integrated solutions: an automated due diligence tool and a database to monitor transactions and identify suspicious activities. It aims to use the funding to develop new product features, make regulatory compliance more efficient and expand in the European market.
The capital increase was subscribed by Apside (a joint venture by Intesa Sanpaolo and Zest) and Fin+Tech (the programme of the National Network of Accelerators of CDP Venture Capital dedicated to fintech and insurtech), with a follow-on investment and an additional investment from Centro Istruttorie (part of Moltiply Group). The round also saw the participation of several business angels, noted a press release.
“The quality and weight of the investors confirm the value of our project. We are already working to create the right commercial and industrial synergies, [and] we hope to strengthen our research and development activities with the support of strategic partners,” commented Mopso CEO Anrea Danielli. “With the Moltiply Group ecosystem, we already see multiple areas for concrete collaboration.”
“The investment in Mopso is fully aligned with Apside’s strategy, which includes among its primary objectives supporting technological solutions that improve the efficiency and security of the financial sector,” added Enrica David, senior director of shareholdings and corporate venture capital at Intesa Sanpaolo and president of Apside’s investment committee. “The solutions developed by the startup represent a step forward in automating compliance, simplifying due diligence processes and mitigating risk in an increasingly complex regulatory environment.”
Partnership with Armundia Group
In parallel, the regtech startup has also announced a strategic partnership with Armundia Group, a global tech company that provides ICT solutions for the financial sector. Its 3Sixty solution involves AI-based applications and end-to-end platforms that are meant to be scalable and easily integrated into existing infrastructure. Its 3Sixty Advisory platform, for instance, focusses on personalisation and integrated management of a wealth portfolio.
“The goal of this partnership is to combine expertise and key strengths to provide banks, asset managers, investment managers, wealth managers, family offices, insurance companies and intermediaries with integrated end-to-end solutions that streamline onboarding processes, in compliance with anti-money laundering regulations, and ensure the know-your-customer process is fully automated and always up to date,” said a press release.
Not only does the partnership aim to ensure compliance with AML requirements, it also aims to boost the grand duchy’s position in the sector. “In the context of Luxembourg, adopting high-security standards is an essential requirement, now more than ever,” commented Armundia Luxembourg’s CEO Paolo Maceratesi. “In a market regulated by strict standards, ensuring maximum compliance not only protects the trust of investors and institutions but also strengthens Luxembourg’s role as a leading financial hub in Europe and globally.”