Flagright Raises $12.5 Mn in Series A Round led by Infinity Ventures

The new funding will help Flagright continue growing its business and improve its AI-powered compliance platform. The company plans to expand its explainable AI features for financial crime compliance and strengthen its presence in the United States market.

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Financial institutions are dealing with more transactions, increasingly sophisticated financial crime threats, and stricter regulations. At the same time, AI is becoming a bigger part of daily compliance and risk management operations.

However, many compliance systems were not designed for today's fast-changing environment. Many organizations still depend on outdated software or multiple disconnected tools, which can make compliance processes more complicated, less efficient and harder to adapt to new challenges.

Baran Ozkan, co-founder and CEO of Flagright, said: "The financial crime compliance stack is being rebuilt, and Flagright is the company to define the operating system layer for this category. Regulated financial institutions need a system that gives them speed, control, explainability, and auditability in one place. This round helps us accelerate our position as the enterprise standard for financial crime compliance by expanding explainable AI use cases across compliance operations and increasing our US market presence".

Founded in 2025 by Baran Ozkan and Madhu Nadig, Flagright provides an AI-powered platform that helps financial institutions manage financial crime compliance from one place. It combines important functions such as transaction monitoring, watchlist screening, risk assessment, case management, and compliance workflows into a single system.

By bringing these tools together, Flagright helps banks and financial companies detect suspicious activities, manage risks more efficiently and meet regulatory requirements while maintaining transparency and oversight.