Hawk, provider of an AI-powered platform to combat financial crime, has completed a Series C financing round of 52 million euros. The round is led by growth investor One Peak, joining a notable circle of investors. Other funders include Rabobank, Macquarie, BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition.
With the fresh capital, Hawk aims to accelerate its international expansion, particularly in the US, and advance the development of its modular platform. The company offers an AI-based solution to combat money laundering, fraud, and other forms of financial crime. The startup’s customer base already includes Ecobank, VakifBank International, Worldline, Volt, Vodafone, and VR Payment.
Hawk’s AI increases accuracy
The young company pursues a technological approach that goes far beyond traditional, rule-based systems. Conventional solutions often generate a high number of false alarms that must be manually reviewed. Hawk combines explainable artificial intelligence with established rule sets to reduce the number of false-positive alerts while improving the detection of previously undetected criminal activities.
Tobias Schweiger, CEO of Hawk, explains:
“Financial institutions that want to identify risks early cannot avoid AI – it reduces manual review and increases accuracy. The results are very convincing: we were able to increase prediction accuracy to almost 90 percent in some cases while cutting the number of false alarms in half. In addition, we detect twice as many previously undetected cases of novel criminal activities compared to traditional systems.”
Hawk’s modular platform includes features such as AI-driven transaction monitoring, payment screening, continuous KYC (Know Your Customer) verification, and real-time fraud prevention. This enables comprehensive monitoring of financial flows.
Lead investor One Peak is also convinced. David Klein, Managing Partner at One Peak, says:
“The value Hawk creates for compliance teams around the world is truly remarkable. Financial institutions of all sizes confirm that Hawk delivers impressive results, exceptional reliability, and partnership-focused support. Hawk’s technology enables banks to combat financial crime much more efficiently, and we are very excited to support Hawk’s world-class team on the next phase of growth.”
And Schweiger adds:
“AI is part of our DNA. Our mission is to help financial institutions unlock the full potential of machine learning and generative AI in the fight against financial crime. To do this, we provide the right technology, expertise, and support. With the fresh capital, we are advancing our mission further. Our thanks go to One Peak for their support and to our existing investors for their continued trust.”
