Marble Raises €6.5M Series A for Open-Source Fraud and AML Platform
▼ Summary
– Paris-based fintech Marble secured €6.5 million in Series A funding led by Smartfin, bringing total investment to €9 million.
– The company provides an open-source platform for fraud detection and anti-money laundering compliance used by over 100 institutions globally.
– Marble’s solution allows risk teams to create and test detection rules independently, reducing reliance on lengthy IT projects.
– New capital will accelerate AI integration for rule writing and alert sorting, alongside faster on-premise deployment options.
– CEO Arnaud Schwartz emphasizes that the platform helps compliance teams manage rising regulatory complexity without increasing headcount.
Marble, a Paris-based fintech developer specializing in open-source software for fraud detection and anti-money laundering (AML) compliance, has secured €6.5 million in its Series A funding round. The investment was led by Smartfin, bringing the company’s total capital raised to €9 million. This latest infusion includes participation from new investor ADNEXUS, while existing backers Passion Capital, 42Capital, and Hexa increased their stakes.
The platform serves banks, fintechs, and payment providers seeking robust tools to identify fraudulent activity and adhere to strict regulatory standards regarding money laundering and terrorist financing. By enabling risk and compliance teams to design, test, and deploy detection rules independently, Marble eliminates the need for protracted IT development cycles. The solution offers flexibility, operating either on customer-owned servers or as a hosted service. Currently, over 100 institutions across more than 25 countries utilize Marble in production environments. Notably, nearly 70% of its client base is located outside France, with approximately 70% of those customers migrating from previous systems.
Accelerating AI Integration and Operational Efficiency
Marble aims to generate annual recurring revenue exceeding €5 million by 2027. A core component of its value proposition is significant cost savings. The company estimates that fraud and AML duties consume between 10% and 15% of staff time at financial institutions, resources that could be redirected toward business growth. The newly acquired funds will accelerate the integration of artificial intelligence into these workflows, enhancing capabilities such as rule creation, alert triage, and case investigation.
Future developments include faster on-premise deployments that seamlessly connect with existing data infrastructure. The platform will introduce built-in AI agents restricted to specific data permissions and allow compliance officers to modify rules via configuration rather than requiring engineering support.
“Compliance teams shouldn’t have to choose between staying compliant and moving fast,” said Arnaud Schwartz, CEO and Co-Founder of Marble. “That’s exactly what we built Marble to solve. As the regulatory bar keeps rising, compliance teams are expected to do more with the same headcount. Our job is to make sure that it is Marble that absorbs that complexity and not our customers.”
Investor Confidence and Strategic Growth
The successful Series A round underscores strong confidence from early backers. Will Orde of Passion Capital, which initially invested in Marble during the seed stage, noted that the team had successfully delivered on its initial promises. This validation supports Marble’s strategy to simplify complex regulatory landscapes while maintaining high-performance standards for its global clientele.
(Source: The Next Web)
