Hawk Extends Series B Funding Round Led by Macquarie Capital

By Gloria Mathias

Hawk, a provider of AI-powered technologies for fraud prevention and anti-money laundering (AML), has announced a further extension of its Series B funding. Macquarie Capital has agreed to join existing investors Rabobank, BlackFin Capital Partners, Sands Capital, DN, Picus and Coalition.

This funding will accelerate Hawk’s international growth, driven by the strong demand for AI-based financial crime technologies. Hawk’s explainable AI enables financial institutions to significantly improve the effectiveness of their financial crime detection and prevention capabilities while ensuring compliance with AML and CFT regulations.

“Hawk is a very interesting company. Its AI-centric approach to combating financial crime is delivering impressive results. At the same time, the comprehensiveness of its enterprise solution that brings together anti-money laundering, sanctions control and fraud prevention really sets it apart from other providers in this space. We look forward to supporting the company’s growth with our investment and expertise,” said Elmar Broscheit, Global Co-Head of Macquarie Capital Venture Capital.

“We are delighted that Macquarie Capital has chosen to work with Hawk. The global banking industry has recognised the enormous potential of AI in preventing, detecting and managing financial crime. By leveraging Macquarie Capital’s network and experience in scaling successful risk management software businesses, we will be able to further expand our client base in Asia Pacific, the US and beyond,” said Tobias Schweiger, CEO and co-founder of Hawk.

Founded in 2018 by financial industry veterans, Hawk has rapidly expanded globally and currently monitors or screens billions of transactions worldwide. The company’s explainable AI approach has proven to be a game changer in the industry, enabling financial institutions to significantly reduce false positive rates compared to traditional AML/CFT solutions, while detecting more invisible and novel crimes.

Hawk’s modular solution can enhance or replace traditional rules-based systems with AI-powered transaction monitoring, payment control, perpetual KYC and real-time fraud prevention, delivering greater accuracy and reduced noise.