Crypto Anti-Money Laundering Specialist Notabene Raises $14.5M
Notabene, a startup focused on helping cryptocurrency firms comply with anti-money laundering (AML) regulations, has secured $14.5 million in Series B funding led by DRW Venture Capital, with contributions from Apollo, Nextblock, ParaFi Capital, and Wintermute. The Financial Action Task Force (FATF) has introduced the "Travel Rule," mandating crypto companies to exchange transaction information securely. Notabene aims to function like SWIFT for crypto, currently serving 165 companies, including major virtual asset service providers like Copper and OKX. CEO Pelle Braendgaard anticipates increased transaction volume, with a compliance deadline for Europe’s updated Transfer of Funds Regulation (TFR) approaching. He expects similar regulatory momentum in the U.S. under a Trump-led administration, emphasizing the need for domestic crypto trading. The funding round also included existing investors such as CMT Digital and Y Combinator.
