FrankieOne

Australia-based regtech firm FrankieOne raised $15.4M in a series A+ funding round led by AirTree Ventures and Greycroft, with participation from Binance Labs and Kraken Ventures.FrankieOne is a regulatory tech firm (hence, 'regtech') that helps fintechs and banks manage KYC, AML and fraud from a single platform.We were created in 2017 as the brainchild of cofounders Simon Costello and Aaron Chipper, who brought us into the world with the goal of revolutionising the world of banking.Initially, they were looking to build the next great neobank. It was during this process that they discovered first-hand how clunky and disjointed customer onboarding processes were within banks and other fintechs. The threat of severe penalties for getting this wrong meant that the primary focus when designing customer onboarding had been on compliance, which often came at the detriment of customer experience. What Simon and Aaron learned is that it didn’t need to be one or the other.

Australia-based regtech firm FrankieOne raised $15.4M in a series A+ funding round led by AirTree Ventures and Greycroft, with participation from Binance Labs and Kraken Ventures.FrankieOne is a regulatory tech firm (hence, 'regtech') that helps fintechs and banks manage KYC, AML and fraud from a single platform.We were created in 2017 as the brainchild of cofounders Simon Costello and Aaron Chipper, who brought us into the world with the goal of revolutionising the world of banking.Initially, they were looking to build the next great neobank. It was during this process that they discovered first-hand how clunky and disjointed customer onboarding processes were within banks and other fintechs. The threat of severe penalties for getting this wrong meant that the primary focus when designing customer onboarding had been on compliance, which often came at the detriment of customer experience. What Simon and Aaron learned is that it didn’t need to be one or the other.