AI Compliance platform Sedric secured $3.5 Million in Seed funding

Sedric, an Israel-based AI compliance excellence platform for the next generation of fintech, has now secured $3.5 million in a seed funding round.

Sedric was founded by the Nir Laznik and Eyal Peleg. The AI startup enables the fintech companies to increase consumer protection and comply with the global regulatory requirements. 

Its Artificial Intelligence-supported platform monitors each and every customer engagement and auto-detects high-risk interactions to make sure compliance. Some of the customers include the leading fintech in North America and Europe, offering investing, trading, and leading services.

Nir Laznik, Co-founder and CEO at Sedric, said, "The cost and reputational damage from non-compliance is a top risk for today's growing fintech industry. Regulators around the world are racing to add more rules to protect customers, requiring continuous monitoring and real-time implementation for fintechs to navigate and grow. We are thrilled to expand our services globally and provide fintechs with an advanced compliance platform that significantly lowers risks and helps them scale."

Nate Meir, Principal at StageOne Ventures, said, "The global fintech industry is expected to reach $190 billion in 2026, and Sedric is designed to assist companies in the fintech industry aiming to protect their customers and brands. With significant increases in regulatory scrutiny around the world, and constantly evolving financial regulation, Sedric gives fintechs an advanced platform to manage changing regulations quickly and easily. We are excited to support Sedric's global expansion and mission to support fintechs around the world."

The latest funding round was backed by StageOne Ventures with participation from James Kong, former Managing Director of BlackRock; Alon Shemesh, co-founder of Forter and Micha Breakstone, co-founder of Chorus.ai.

The AI startup, as of now, has plans to use the new funds for the global expansion and onboard its growing base of new financial technology customers, notes the announcement.