FinovateSpring 2023 / Lucinity
Presenter Profile:
How they describe themselves: At Lucinity, our goal is to leverage technology to create a better world. We are on a mission to make money good by combatting financial crime and empowering compliance professionals to make informed decisions that protect businesses and society. With our state-of-the-art GenAI technology, we are revolutionizing the industry and leading the charge in FinCrime compliance. We invite you to join us on this important journey towards creating a safer and more just world through our innovative solutions.
How they describe their product/innovation: Introducing the Lucinity Copilot – a game-changing tool in the world of financial crime compliance. Our cutting-edge GenAI technology powers this revolutionary solution, streamlining tedious and time-consuming tasks so compliance professionals can focus on making informed, data-driven decisions to combat financial crime. With its impressive skillset, the Copilot can perform internet searches, background checks, fraud detection, sanctions screening and much more. Experience unprecedented efficiency and effectiveness with the Lucinity Copilot – the future.
Product distribution strategy: Direct to Business (B2B)
Contacts:
Bus. Dev.: Daniel Palmason (CCO), daniel@lucinity.com
Press: Lára Hrafnsdóttir (VP Marketing), lara@lucinity.com, 354-856-5960
Website: lucinity.com
LinkedIn: linkedin.com/company/lucinity
Twitter: @lucinityaml
HQ: Reykjavík, Iceland
Founded: November 2018
Product Demoed: Lucy, Lucinity’s Copilot
Metrics: $25.1M total funding, $3.5M ARR, 65 headcount
Raising Funding: Series B
Presenter: Gudmundur Kristjansson, CEO & Founder | Hildur Gunnarsdottir, Director of Product Management
- Key Executives
Gudmundur Kristjansson, GK (CEO & Founder), Adalgeir Thorgrimsson (COO), Daniel Palmason (CCO), Hjortur Stefansson (CTO), Catherine Anne Wright (Chief Customer Officer), Gudlaug, Sara Gudmundsdottir (VP of Finance)
Key Stats
- Key Board Members
Helga Valfellsdottir (Chariman, Co-Founder, CrowberryCapital), Gudmundur Kristjansson (Founder & CEO, Lucinity), Yaron Morgenstern (CEO, Glassbox), Margus Uudam (Founding Partner, Karma.vc), Eric Lagier (Founding Partner, byFounders), Djoni de Vos (Associate, Keen Venture Partners)
- Key Investors
CrowberryCapital, byFounders, Karma.vc, Preceptor Capital, Keen Venture Partners
- Key Advisory Board Members
Ed Wilson (Partner, Venable, President of the Advisory Board), Frank Lawrence (Deputy Chief Compliance Officer in Big Tech), Tanya Ziv (Chief Compliance Officer, CurrencyCloud), Evan Peters (former VP of Growth, Datadog), John McCarthy (former Chief Money Laundering and Sanction Officer, Airbnb), Marshall Lux (Senior Fellow at the Moss)
- Key Partners
Microsoft, SEON, Neterium, and Experian
- Key Customers
Pleo, CurrencyCloud, OakNorth, GoldmanSachs, ArionBank, Indó, Kroo