Sinpex, an AI-powered platform for KYB/KYC lifecycle management, has raised a €10 million Series A as it pushes to expand across Europe.
The round was led by BlackFin Capital Partners, with existing investors ACE Ventures and TX Ventures also increasing their commitments, according to the company.
Sinpex says it will use the new capital to accelerate growth, bolster its position in KYB automation, and expand in international markets including France and the Netherlands.
The Munich-based company positions its product as an all-in-one SaaS platform for business onboarding and ongoing compliance, spanning document acquisition, UBO identification, risk assessment, AML screening, ID&V, and periodic reviews.
Sinpex also says its platform is designed to help teams prepare for the 2027 EU Anti-Money Laundering Regulation and support obligations across frameworks including AMLD5/6, PSD2/3, and DAC7.
Customers cited by Sinpex include Otto Payments, EFS Deutschland (a subsidiary of Enpal), IKB, Bybit, Scayle Payments, and KfW. The company also says it won first place in the “ID Verification & KYC” category at the FF Awards in London in November last year.
“We’re seeing an enormous transformation ahead in how financial institutions handle increasing client expectations and regulatory demands around AML, KYC, and KYB,” said Dr. Camillo Werdich, CEO and Founder of Sinpex.
“We found this in Sinpex and we are excited to support the team around Camillo in building the pan-European champion for enterprise-grade regtech platforms,” said Romain Grimal, Investment Director of BlackFin.
