Tookitaki raises $ 7.5 million in Series A financing

Tookitaki, a Singapore-based regulatory technology company dedicated to helping financial institutions develop sustainable compliance programs, raised $ 7.5 million in Series A fundraising.

The round was led by Illuminate Financial, with the participation of existing funders such as Jungle Ventures, Singapore Enterprise, Supply Chain Angels, VWX Capital and senior bank executives. In addition to funding, Mark Rodrigues, a partner at Illuminate, will join Tookitaki's board of directors.

The company plans to use these funds to strengthen its research and development capabilities.

Led by founder and CEO Abhishek Chatterjee, Tookitaki provides enterprise software solutions in the areas of anti money laundering and account reconciliation. Accredited by the Accreditation @ SG Digital program of the Infocomm Media Development Authority, the company combines advanced technologies such as artificial intelligence (AI), machine learning (ML), distributed systems and expertise in-depth business to create the basic elements of sustainable management of compliance.
Tookitaki has rolled out its Anti-Money Laundering Suite (AMLS) software with United Overseas Bank, a leading Asian bank, and global banks such as Societe Generale.
Today, the company has offices in Singapore, India and the United States.

FinSMEs

03/18/2019