Sedric.ai raises $3.5M in seed funding
Sedric.ai raised $3.5 million in its seed round of funding led by StageOne Ventures. The round also saw participation from James Kong, Micha Breakstone, and Alon Shemesh. The funding will be utilised in global expansion.
Sedric.ai CEO and co-founder Nir Laznik said, “The cost and reputational damage from non-compliance is a top risk for today’s growing fintech industry. Regulators around the world are racing to add more rules to protect customers, requiring continuous monitoring and real-time implementation for fintechs to navigate and grow. We are thrilled to expand our services globally and provide fintechs with an advanced compliance platform that significantly lowers risks and helps them scale.”
Founded in 2020, the startup aims to help fintechs comply with regulatory requirements whilst maintaining customer protections.
Commenting on the investment, StageOne Ventures Principal Nate Meir stated, “The global fintech industry is expected to reach $190 billion in 2026, and Sedric is designed to assist companies in the fintech industry aiming to protect their customers and brands. With significant increases in regulatory scrutiny around the world, and constantly evolving financial regulation, Sedric gives fintechs an advanced platform to manage changing regulations quickly and easily. We are excited to support Sedric’s global expansion and mission to support fintechs around the world.”
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