About
Unit21 provides a no-code platform for fraud and AML operations, letting compliance teams build detection rules without engineering support. Raised $92M from Google, Tiger Global, and others at a $300M valuation. Customers include Intuit, Line, and Bakkt. Kinecta FCU blocked $70K in fraud in one weekend using the platform. Recent AI features include automated alert triage (Nexo hit 57% automation) and ML-powered rule recommendations.
Key Facts
- [1]Founded: Founded in 2018 in San Francisco, United States.
- [2]Funding: Total funding: $92M. Last round: Jun 2023. Stage: Growth.
- [3]Valuation: Valued at $300M.
- [4]Customers: Key customers include Intuit, Line, Bakkt, Kinecta FCU, Nexo.
- [5]Employees: Employee count: 51-200.
- [6]Website: Official website: unit21.ai.
- [7]AI Technology: Core AI/ML technologies: Predictive ML.
- [8]Region: Region: Americas (United States).
Founders
Trisha Kothari
Co-founder & CEO
Clarence Chio
Co-founder & President & CTO
Key Customers & Partners
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Tech Stack Layers
Details
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Frequently Asked Questions
What is Unit21?
Unit21 provides a no-code platform for fraud and AML operations, letting compliance teams build detection rules without engineering support. Raised $92M from Google, Tiger Global, and others at a $300M valuation. Customers include Intuit, Line, and Bakkt. Kinecta FCU blocked $70K in fraud in one weekend using the platform. Recent AI features include automated alert triage (Nexo hit 57% automation) and ML-powered rule recommendations. Unit21 is classified in the Risk & Compliance segment at the Applications layer of the financial AI stack.
Who founded Unit21?
Unit21 was founded by Trisha Kothari (Co-founder & CEO) and Clarence Chio (Co-founder & President & CTO) in 2018 in San Francisco, United States.
How much funding has Unit21 raised?
Unit21 has raised $92M in total funding, placing the company at the Growth stage. The most recent round closed in Jun 2023. The company is valued at approximately $300M. Among 74 funded Risk & Compliance companies, Unit21 ranks #36 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Unit21 use?
Unit21 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 Unit21 operate in?
Unit21 operates in the Risk & Compliance and Banking & Payments and Lending & Credit and Crypto & Web3 market segments. 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. The company also has a footprint in banking & payments and lending & credit and crypto & web3, reflecting its cross-functional approach to financial AI.
Where is Unit21 headquartered?
Unit21 is headquartered in San Francisco, United States. The company operates in the Americas region. The team consists of 51-200 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Unit21's competitors?
Companies similar to Unit21 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 Unit21 offer?
Unit21 builds applications-layer solutions for the financial services industry. The company's core offering: AI-powered fraud and AML platform. The platform is powered by Predictive ML technology. Notable users include Intuit, Line, Bakkt, Kinecta FCU.