About
WorkFusion provides AI agents for financial crime compliance, handling AML, sanctions screening, KYC, and transaction monitoring. Deployed at 10 of the top 20 global banks; automates 1M+ alert hits and saves 5,000 FTEs daily. Raised $45M in 2024 led by Georgian, bringing total funding to $340M+. Customers include Raymond James, Valley Bank, and LPL Financial. Named Leader in Chartis RiskTech Quadrant for KYC Data Solutions 2024.
Key Facts
- [1]Founded: Founded in 2010 in New York, United States.
- [2]Funding: Total funding: $411M. Last round: Sep 2025. Stage: Late Stage.
- [3]Customers: Key customers include Deutsche Bank, Standard Chartered.
- [4]Employees: Employee count: 201-500.
- [5]Website: Official website: workfusion.com.
- [6]AI Technology: Core AI/ML technologies: LLM / NLP.
- [7]Region: Region: Americas (United States).
Founders
Alex Lyashok
CEO
Andrew Volkov
Co-founder
Key Customers & Partners
AI Technology
LLM / NLP
Large language models for NLP, chat, document understanding, and text generation
Classification
Market Segments
Tech Stack Layers
Details
Related Companies
View all in Enterprise Finance
Ocrolus
AI document automation for lending decisions
Tegus
AI-generated investment research summaries
Puzzle
Generative accounting platform for startups
Pilot
AI-assisted bookkeeping for startups
Zeni
Full-service AI bookkeeping platform
Taxfix
AI-powered tax filing app
Other Late Stage Companies
View all
Frequently Asked Questions
What is WorkFusion?
WorkFusion provides AI agents for financial crime compliance, handling AML, sanctions screening, KYC, and transaction monitoring. Deployed at 10 of the top 20 global banks; automates 1M+ alert hits and saves 5,000 FTEs daily. Raised $45M in 2024 led by Georgian, bringing total funding to $340M+. Customers include Raymond James, Valley Bank, and LPL Financial. Named Leader in Chartis RiskTech Quadrant for KYC Data Solutions 2024. WorkFusion is classified in the Enterprise Finance segment at the Data layer of the financial AI stack.
Who founded WorkFusion?
WorkFusion was founded by Alex Lyashok (CEO) and Andrew Volkov (Co-founder) in 2010 in New York, United States. The company has been operating for 16 years.
How much funding has WorkFusion raised?
WorkFusion has raised $411M in total funding, placing the company at the Late Stage stage. The most recent round closed in Sep 2025. Among 79 funded Enterprise Finance companies, WorkFusion ranks #14 by total capital raised. (Source: AIFI Map directory.)
What AI technology does WorkFusion use?
WorkFusion primarily leverages LLM / NLP technology. Large language models for NLP, chat, document understanding, and text generation. Within the Enterprise Finance segment, 17 companies use this technology.
What market segment does WorkFusion operate in?
WorkFusion operates in the Enterprise Finance market segment. AI enterprise finance companies are automating and enhancing the financial operations of businesses — from accounting and treasury management to financial planning, analysis, and corporate finance.
Where is WorkFusion headquartered?
WorkFusion is headquartered in New York, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are WorkFusion's competitors?
Companies similar to WorkFusion in the Enterprise Finance space include Ocrolus ($142M raised), Tegus ($112M raised), Puzzle ($67M raised), Pilot ($222M raised), Zeni ($48M raised). These companies operate in related areas of financial AI: Ocrolus focuses on ai document automation for lending decisions. Tegus focuses on ai-generated investment research summaries. Puzzle focuses on generative accounting platform for startups. (Based on AIFI Map classification data.)
What products does WorkFusion offer?
WorkFusion builds data-layer solutions for the financial services industry. The company's core offering: AI-powered intelligent automation. The platform is powered by LLM / NLP technology. Notable users include Deutsche Bank, Standard Chartered.