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Regtech Tookitaki raises $19.2m

Regtech Tookitaki raises $19.2m

Singapore-based, AI-powered regtech startup Tookitaki has topped up its Series A funding round to a total of US$19.2 million.

Tookitaki has secured US$11.7 million in a top-up led by Viola Fintech and SIG and joined by the venture arm of Nomura. The firm had already raised US$7.5 million.

Founded in 2014, Tookitaki builds AI-powered systems to help clients with anti-money laundering and reconciliation. The firm boasts year-over-year revenue growth of more than 300% and recently scored a major deal with United Overseas Bank.

The funding will be used to drive global expansion, particularly in Asia Pacific and the US, as well as on product development and recruitment at offices in Singapore, the US and India.

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