Notabene
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | 3.2m | 14.2m |
% growth | - | 344 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€150k | Seed | ||
$1.8m | Seed | ||
$10.2m Valuation: $45.0m | Series A | ||
Total Funding | AUD18.8m |
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Recent News about Notabene
EditNotabene is a fintech startup that provides a comprehensive solution for Travel Rule compliance, a regulation that requires financial institutions to pass certain information to the next financial institution, in certain funds transmittals. Their services are primarily targeted towards Virtual Asset Service Providers (VASPs), such as cryptocurrency exchanges and other digital asset businesses.
Notabene's business model revolves around providing an end-to-end counterparty verification solution that helps businesses identify and prevent high-risk activities before they occur. This solution is particularly valuable for businesses that need to comply with the Financial Action Task Force's (FATF) Travel Rule and the Monetary Authority of Singapore's (MAS) Payment Services Act.
The company's solution has been well-received by its clients, which include Bitso, Bitfinex, Crypto.com, and Matrixport. These clients have praised Notabene for its ability to help them simulate a variety of transactions, implement robust compliance processes, and enhance operational efficiency.
Notabene generates revenue by charging its clients for access to its compliance solution. The company's commitment to data privacy and security, along with its ability to help clients meet regulatory requirements, has made it a popular choice among financial institutions and enterprise businesses.
Keywords: Fintech, Travel Rule Compliance, Counterparty Verification, Risk Prevention, Virtual Asset Service Providers, Financial Institutions, Regulatory Compliance, Data Privacy, Security, Operational Efficiency.