Egyptian-based PAPSS (the Pan-African Payment and Settlement System) has selected Israel’s Thetaray (see here previously) as its anti-money laundering (AML) and screening partner. https://nocamels.com/2024/03/egypt-based-pay-platform-taps-israeli-anti-money-laundering-startup/

ThetaRay raised $57 million; Ibex Medical raised $55 million; Upwind raised $50 million; Intuition Robotics raised $25 million; Harmonya raised $20 million; QuantHealth.ai raised $15 million; Pynt raised $6 million; Nevia Bio raises $3 million;

Israel’s ThetaRay won Best in Class Compliance Solution at the 2023 RemTECH Awards for its AI-powered transaction monitoring technology. The award is part of the United Nations-led Global Forum on Remittances, Investment and Development. https://www.businesswire.com/news/home/20230620778570/en/

Israel’s ThetaRay (see here previously) has won two major orders for its AI-powered, anti-money laundering platform. The first is from French e-payments leader Sylq. The second is from Nigerian digital payment provider VigiPay. https://www.businesswire.com/news/home/20230525005020/en/Sylq-Selects-ThetaRay-AI-to-Automate-AML-Transaction-Monitoring-and-Customer-Screening https://www.intelligentcio.com/africa/2023/05/30/nigeria-based-vigia-selects-thetaray-ai-solution-for-anti-money-laundering/

Dubai-based NOW Money is to use the AI anti-money laundering (AML) platform from Israel’s ThetaRay to help prevent financial crimes on its payments systems. ThetaRay’s SONAR cloud-based AML solution will monitor cross-border payments processed by NOW Money. https://www.businesswire.com/news/home/20221213005555/en/

Alibaba founder Jack Ma has been recently seen several times in Israel. He has interests in over two dozen Israeli startups including Twiggle, Infinity Augmented Reality, Lumus and ThetaRay. https://www.timesofisrael.com/alibaba-founder-said-living-in-japan-after-china-tech-crackdown-often-visits-israel/

MFS Africa, the largest digital payments hub in Africa, has selected Israel’s ThetaRay (see here previously) to protect its network from money laundering and fraud. ThetaRay’s SONAR SaaS solution includes AI-powered transaction monitoring and sanctions list screening. https://ffnews.com/newsarticle/mfs-africa-selects-thetaray-ai-tech-to-boost-global-expansion/ https://www.ourcrowd.com/companies/thetaray

Mashreq Bank in the United Arab Emirates is to use the fraud detection tools of Israel’s ThetaRay (see here previously) to secure cross-border payments between financial institutions. Mashreq is the Emirates’ oldest private banking institution and ThetaRay’s first UAE customer. … Continue reading →

Global-e Online raised $375 million (IPO); Forter raised $300 million; Sunbit raised $130 million; Wiz raised $120 million; Explorium raised $75 million; Salt Security raised $70 million; Snappy raised $70 million; Rapid Medical raised $50 million; AnyClip raised $47 million; … Continue reading →