Key takeaway: As mid-market banks and fintechs face growing pressure to modernize fraud and AML defenses without major headcount increases, platforms like Marble that promise faster deployment and configurable rules, rather than a full technology rebuild, are attracting fresh capital, a trend merchants and processors that bank with smaller institutions should expect to see more of.
Paris-based fraud detection and anti-money laundering (AML) compliance platform Marble has closed a €6.5 million ($7.3 million) Series A round as it looks to make AI-driven compliance automation more widely used among mid-market banks and fintechs, the company said.
Smartfin, a European venture capital and private equity firm, led the round, with ADNEXUS joining alongside existing investors Passion, 42Capital, and Hexa, according to FinTech Global. The raise brings Marble’s total funding to €9 million, with TSIC also among its existing investors.
Marble provides a no-code, open-source infrastructure platform that banks, fintechs, and payment providers use to build their own fraud detection and AML and counter-terrorist-financing compliance programs. It doesn’t depend on a closed vendor product; according to EU-Startups, the platform can be deployed on-premises or as SaaS, and its open-source core lets auditors inspect how decisions are reached. Its no-code platform lets compliance and risk teams build and test transaction-monitoring rules themselves, without relying on vendors or IT departments, and it also supports sanctions and watchlist screening, investigations, and customer risk scoring.
Founded in 2021 by Arnaud Schwartz and Pascal Delange, both former executives at French fintech Shine, Marble says its platform is already in production at more than 100 institutions across more than 25 countries, protecting over 3 billion transactions annually and cutting manual review work by 90%.
“Compliance teams shouldn’t have to choose between staying compliant and moving fast,” said Marble CEO and co-founder Arnaud Schwartz. “That’s exactly what we built Marble to solve. Our job is to make sure that it is Marble that absorbs that complexity and not our customers.”
Why it matters: The round is the latest sign that investors still see room to back fraud and AML tooling built specifically for mid-sized financial institutions, a segment that often can’t justify the engineering overhead of custom-built compliance systems but also can’t afford the downtime of a one-size-fits-all vendor platform. Marble’s pitch, that rule changes should be routine configuration work rather than a new IT project, speaks directly to the staffing and deployment-speed constraints that banks keep naming as bigger barriers to fraud prevention than budget itself.
Source: FinTech Global