# Elucidate: Financial services, Berlin, Germany

> Elucidate: Elucidate is a Berlin-based RegTech startup founded in 2018, focusing on financial crime risk management through its AI-powered SaaS platform.

Source: https://millionrounds.com/startup/elucidate-2 (Millionrounds; every figure on the page links to its filing or article)

Germany · [Financial services startup](https://millionrounds.com/companies)

# Elucidate

Elucidate is a Berlin-based RegTech startup founded in 2018, focusing on financial crime risk management through its AI-powered SaaS platform.

Funding reported Last round: Seed

Financial services Berlin, Germany

Company summary

- **Founded:** 2018 8 years old
- **Team:** 15 11 to 50 people
- **Funding reported:** 14.6M as listed, currency not stated
- **Last round:** Seed May 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Elucidate has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Elucidate

Elucidate is a Berlin-based RegTech startup founded in 2018, focusing on financial crime risk management through its AI-powered SaaS platform.

The company is dedicated to enhancing the integrity of global financial systems by utilizing AI and machine learning to improve risk management workflows. With approximately 22 employees, Elucidate operates within the FinTech and RegTech sectors, specifically addressing financial crime compliance and risk assessment. The core product is a financial crime risk decision platform that automates the measurement, assessment, standardization, and reporting of financial crime risks. Key features include risk quantification, data analytics, and compliance automation for Anti-Money Laundering (AML), Know Your Customer (KYC), and sanctions tracking. Elucidate also offers a proprietary financial crime index to help clients manage and price financial crime risk effectively. The platform is blockchain-enabled, enhancing data integrity and risk management capabilities, and primarily serves financial institutions in the FinTech market.

## What company datasets say Elucidate raised

Funding, as reported

Reported in all **14.6M** in the source's currency

Rounds **4**

Last round **Seed**

Last round size **8M**

Last round date **May 2022**

Investors listed **11**

## Founders and team

From Elucidate's own website: 1 on the team.

- **Valerie Brunner** Member of the Management Board, Raiffeisen Bank International

## On 4 portfolio pages

Investors who name them

- [Frontline Ventures](https://millionrounds.com/fund/frontline-ventures)
- [AV8](https://millionrounds.com/fund/av8-ventures)
- [SixThirty](https://millionrounds.com/fund/sixthirty)
- [11.2 Capital](https://millionrounds.com/fund/11-2-capital)

Each firm lists Elucidate on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

project management computer & network security transaction monitoring other scientific and technical consulting services customer risk profiling real-time risk scoring ai and machine learning sanctions regulatory risk management information technology & services no-code risk model financial services finance regulatory technology productivity no-code risk model builder

Built with from their website

Adobe Google Tag Manager Amazon CloudFront WordPress.org Font Awesome YouTube Google Workspace Viewport Meta Adobe Experience Manager Hubspot

+8 more

Google Meet Google Font API Cookiebot MySQL ASP.NET Mobile Friendly Drupal Open Graph

- **Sector:** Financial services
- **Industry code:** NAICS 54169, 51321, SIC 7389, 7372
- **Region:** Berlin
- **Revenue:** 4M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/elucidate)

## Financial services in Germany

Startups like it

- [**Raisin** Berlin · founded 2012 *Raised*](https://millionrounds.com/company/raisin)
- [**Kreditech** Hamburg · founded 2012 *Raised*](https://millionrounds.com/company/kreditech)
- [**Billie** Berlin · founded 2016 *Raised*](https://millionrounds.com/company/billie)
- [**Exporo** Hamburg · founded 2014 *Raised*](https://millionrounds.com/company/exporo)
- [**Taxfix** Berlin · founded 2016 *Raised*](https://millionrounds.com/company/taxfix)
- [**CrossLend** Berlin · founded 2014 *Raised*](https://millionrounds.com/company/crosslend)
- [**Finiata** Berlin · founded 2016 *Raised*](https://millionrounds.com/company/finiata)
- [**Bitwala** Berlin · founded 2014 *Raised*](https://millionrounds.com/company/bitwala)

## Is this your company?

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