About
Lucinity is an AI-powered anti-money laundering (AML) compliance platform. Founded 2018 in Reykjavik, Iceland. Raised $25M+ total including $17M Series B led by Keen Venture Partners with Experian, Karma Ventures. Customers include Visa, Trustly, Tandem Bank. Microsoft Partner of Year Iceland (2024). Recognized in 2025 Gartner AML Market Guide. Increases compliance productivity 50%+.
Key Facts
- [1]Funding: Total funding: $26M. Last round: Jul 2022. Stage: Early Stage.
- [2]Employees: Employee count: 51-200.
- [3]Website: Official website: lucinity.com.
- [4]AI Technology: Core AI/ML technologies: Predictive ML.
- [5]Region: Region: EMEA (IS).
Founder
Guðmundur Kristjánsson
Founder & CEO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Lucinity?
Lucinity is an AI-powered anti-money laundering (AML) compliance platform. Founded 2018 in Reykjavik, Iceland. Raised $25M+ total including $17M Series B led by Keen Venture Partners with Experian, Karma Ventures. Customers include Visa, Trustly, Tandem Bank. Microsoft Partner of Year Iceland (2024). Recognized in 2025 Gartner AML Market Guide. Increases compliance productivity 50%+. Lucinity is classified in the Risk & Compliance segment at the Models layer of the financial AI stack.
Who founded Lucinity?
Lucinity was founded by Guðmundur Kristjánsson (Founder & CEO).
How much funding has Lucinity raised?
Lucinity has raised $26M in total funding, placing the company at the Early Stage stage. The most recent round closed in Jul 2022. Among 74 funded Risk & Compliance companies, Lucinity ranks #56 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Lucinity use?
Lucinity primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Risk & Compliance segment, 42 companies use this technology.
What market segment does Lucinity operate in?
Lucinity operates in the Risk & Compliance market segment. AI risk and compliance companies protect financial institutions from fraud, money laundering, identity theft, and regulatory violations. This is one of the largest and most critical segments in the AI finance landscape, as the cost of financial crime and non-compliance runs into the hundreds of billions annually.
Where is Lucinity headquartered?
Lucinity is headquartered in Reykjavik, IS. The company operates in the EMEA region. The team consists of 51-200 employees.
Who are Lucinity's competitors?
Companies similar to Lucinity in the Risk & Compliance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Lucinity offer?
Lucinity builds models-layer solutions for the financial services industry. The company's core offering: AI for anti-money laundering. The platform is powered by Predictive ML technology.