RegTech Startup Mopso Raises €1 Million to Combat Financial Crime

RegTech startup Mopso has received seed funding of €1 million to put in place increasingly intensive innovations in anti-money-laundering and financial-crime prevention technology for financial institutions.

The Milan-based startup Mopso, which targets RegTech, received €1 million as seed funding to expand its solutions against anti-money laundering (AML) and more broadly in financial crime prevention. The company was founded in 2021 by Andrea Danielli-who has worked a good number of years at Banca d'Italia-and the serial entrepreneur Enrico Fagnoni. It develops modular software platforms for banks and financial institutions for battling against money laundering using semantic web technology and through digital identity.

Flagship products at Mopso are Brain which recognizes suspicious transactions and high-risk clients integrated in vast data sets, and Amlet which facilitates due diligence by converting data into verifiable credentials parallel to the European Digital Identity Wallet framework. Thus, it simplifies compliance to make it easy for institutions to meet those regulatory requirements.

The startup also recorded a great deal of progress in 2024 with an increase of 70 percent in revenue from its many new business line developments. Mopso consists of banks and asset-management entities.

It is going to take its Seed round, led by Apside, a joint-venture entity between Intesa Sanpaolo and Zest S.p.A., FinTech, and other business angels, to scale up its operations across Europe: enhancing its product range.

Enrica David of Intesa Sanpaolo appreciates the contribution of Mopso in automating compliance in risk mitigation. Gabriele Roinchini of Zest Investments affirmed that RegTech becomes an indispensable tool in making more secure and efficient financial markets.