January 17, 2022
We are more than excited to announce that we closed our €1.5m seed round in December 2021. Investors include EquityPitcher Ventures, AI.Fund, and top executives from Helvetia Insurance Group and Goldman Sachs who have already been invested in our pre-seed round.
Sinpex is a SaaS platform, automating end-to-end mandatory compliance checks for banks and other financial services providers. Sinpex replaces manual processes by leveraging cutting edge Natural Language Processing. The benefits are faster compliance checks, less regulatory risk, and increased customer satisfaction. As of today, Sinpex customers’ are well known banks, audit-firms, and crypto traders. The additional funds will be used for expanding product development and sales.
Dr. Camillo Werdich and Jannik Metzner founded the company late 2019. Since then the company has established a strong partner network with companies like PwC, Deloitte, or Swisscom and aims to become the industry standard in digitized compliance. Dr. Camillo Werdich states: “We are more than happy to have found a perfect match between the new investors and Sinpex. I am very confident that we will build a flywheel in this enormous compliance market together.”
Sinpex, a Munich-based start-up that providesautomated identification and compliance solutions, has won the second prize atthe renowned Fintech Germany Award in the Seed Stage category.
New Access and Sinpex establish a strategic partnership for simplified compliance processes
Bayern Innovativ is a subsidy program by the Bavarian ministry of economics which honors outstanding innovations and startups in Bavaria.