Sinpex, an AI-powered platform focused on KYB/KYC lifecycle management, has announced a €10 million Series A financing round. ## What Sinpex does Sinpex aims to streamline business client onboarding and continuous KYB compliance, empowering companies to meet the regulatory demands of the 2027 EU Anti-Money Laundering (AML) Regulation. The platform unifies every stage of the customer and regulatory lifecycle, offering a SaaS solution for digital client onboarding for businesses, including document acquisition, UBO identification, risk assessment, AML screening, ID&V, and ongoing reviews. The platform combines an extensible KYB data model across multiple jurisdictions with AI-driven register and ownership analysis, resulting in audit-ready reporting and compliance outcomes. Financial institutions such as Otto Payments, Enpal, IKB, Bybit, Scayle Payments and KfW rely on Sinpex. ## Founder's experience The CEO and founder, Dr. Camillo Werdich, founded Sinpex in 2019 after seeing first-hand the limits of existing compliance technology while working at Deloitte. He noted that solutions failed to address the core problem: manual and document-heavy processes, poor data quality, slow workflows, and repetitive work. ## Focus on KYB Sinpex focuses 100% on business clients, handling commercial registries, shareholder lists, contracts, ownership structures, and documents in different languages, formats, and jurisdictions. The platform enables teams to extract precise information from heterogeneous document sets, while providing evidence for compliance. Werdich states that Sinpex reduces business onboarding time by around 80%. ## Compliance as a growth factor Werdich asserts that financial institutions need to know who they are doing business with, due to increasing sanctions and higher expectations. The European Union is harmonizing the AML framework across all member states by 2027, which will require stricter documentary evidence and automation. The round was led by BlackFin Capital Partners with participation from existing investors ACE Ventures and TX Ventures. The capital will be used to accelerate growth, reinforce Sinpex’s position as a KYB automation platform in Europe, and support expansion into international markets.