Compliance startup Avid AML launches with emerging market focus
Auckland-based regtech company also looking to raise capital to quickly scale. A startup targeting the “astronomical” cost of anti-money laundering compliance is eyeing opportunities in emerging markets and wants to quickly raise capital following its launch today. Auckland-based Avid AML was co-founded by Daniel Rogers and Andrew Weston after the former’s 25 years working in banking and finance. Weston’s software development company, Propellerhead, has led the development of its software. The company pitches itself as an AML compliance tool for small-to-medium businesses, which a ...