Elucidate is a RegTech/RiskTech firm building an innovative SaaS-based solution for Financial Crime risk management.

Elucidate is providing a quantified risk management platform designed to help clients minimise the risks of money laundering, corruption and terrorist financing, whilst also ensuring strong international connectivity.

Elucidate was founded in 2018 by Shane Riedel and Filipe Garcia. The company is headquartered in Berlin, Berlin, Germany.


Elucidate makes it simple to score, manage and price FinCrime risk through its flagship product Elucidate FinCrime Index (EFI), an automated platform for financial crime risk management developed in partnership with leading global correspondent banks.


Elucidate’s self-titled EFI (Elucidate’s FinCrime Index) is the industry’s only regulated financial crime risk tool and uses probability and machine learning to predict and prevent FinCrime before it happens.


Elucidate has expanded data analytics coverage to over 20,000 organisations. The firm's Financial Crime Index uses banks' own data to predict the likelihood of a financial crime risk event, such as money laundering, terrorist financing, trafficking, tax evasion and others.


Elucidate is backed by Frontline Ventures, Apex Ventures, Elevator Ventures, Big Start Ventures, 11.2 Capital, Seed X Liechtenstein, SixThirty Ventures, AV8, and others. The company raised $8M in a new round on May 11, 2022. This brings Elucidate's total funding to $14.8M to date.



  • Year founded: 2018
  • Funding Info: $14.8M over 4 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Berlin
  • State: Berlin
  • Country: Germany
Related businesses