The round was led by Glilot Capital Partners and Fin Capital with participation from SYN Ventures, Valley Ventures (the corporate venture capital arm of Valley Bank), and other investors including Ground Up Ventures.

Refine Intelligence has developed a novel approach to help banks reduce the growing operational costs of financial crime. Their proprietary AI scans anti-money laundering alerts from transaction monitoring systems and "greenflags" customers' legitimate activity to dramatically reduce investigation time, and can also be used to protect against check fraud, scams and money mules.