Marble raises €6.5M Series A led by Smartfin for its open-source fraud and AML platform

The Paris-based company Marble, which develops open-source software for fraud detection and anti-money laundering compliance, raised €6.5 million in its Series A round, with Smartfin as the lead investor.

This brings the total funding to €9 million, with ADNEXUS as a new investor, while existing investors Passion Capital, 42Capital, and Hexa have each increased their investments.

Marble provides a platform for banks, fintechs, and payment providers that need to detect fraud and comply with anti-money laundering and counter-terrorist financing regulations.