Hawk Secures $56 Million in Series C to Revolutionize Financial Crime Detection
Hawk, the Munich-headquartered compliance platform driven by AI, has successfully closed a Series C round of $56 million, according to Tech Funding News (TFN). One Peak led the round with significant support from leading investors such as Macquarie Capital, Rabobank, BlackFin Capital Partners, Sands Capital, DN Capital, Picus Capital, and Coalition.
With the new capital, Hawk will be growing its modular compliance offerings, emphasizing real-time transaction monitoring, sophisticated fraud detection technologies, and tighter integration with external data feeds. The company will also increase its employee base, particularly in the US, to serve banks and fintech companies that want to overhaul antiquated compliance infrastructures.
Modernizing Compliance Amid Rising Threats
According to TFN, many financial institutions still rely on legacy, rules-based compliance systems that often flood teams with excessive false positives, draining resources and reducing efficiency. Worse, criminals frequently exploit the limitations of these rigid systems.
Hawk presents a smarter solution. By blending traditional rules with explainable AI and machine learning, its platform not only cuts down on false positives but also improves the detection of real financial crimes. Its adaptable algorithms allow the system to evolve alongside emerging threats while remaining transparent for regulatory audits.
Tackling Financial Crime with Innovation
Founded in 2018 by Tobias Schweiger and Wolfgang Berner, Hawk specializes in advanced anti-money laundering (AML) and fraud prevention tools. Its hybrid approach helps financial institutions, payment processors, and fintech companies improve compliance efficiency and reduce unnecessary alerts.
Serving over 80 global clients, including major banks and fintechs like Ecobank, Vodafone, and Worldline, Hawk's rapid adoption highlights the growing demand for advanced compliance solutions in a complex regulatory environment.
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David Klein, Co-founder and Managing Partner at One Peak, said, “The value that Hawk delivers to AML and fraud teams around the world is truly remarkable. Financial institutions of all sizes attest to Hawk’s ability to deliver impressive results, exceptional reliability and collaborative support.”
He added, “Hawk’s technology enables banks to take a much more efficient approach to fighting financial crime, and we’re very excited to be backing Hawk’s world-class team in their next leg of explosive growth.”
Transparency at the Core of Hawk’s AI
Hawk's technology stands out for its commitment to explainable AI, providing transparency on why alerts are generated, which helps compliance teams, auditors, and regulators trust its outputs.
This transparency makes Hawk a preferred choice for organizations in regulated sectors. As financial crime becomes more sophisticated, Hawk combines advanced AI with strong regulatory compliance, offering scalable, reliable, and transparent tools for global financial institutions.
