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Eli Wachs 👣
@EliWachs
Founder of @UseFootprint Building AI to topple cartels and corrupt regimes | Part-time comic
884 Following    1.8K Followers
Today I'm excited to share that @usefootprint has raised a $25M Series B, bringing our total funding to $45M. Financial institutions are in an arms race with cartels and oligarchs. The movement of illicit money globally has grown by $1.3 trillion since 2023, now sitting at $4.4 trillion. And bad actors have taken full advantage of AI’s capabilities: generating fake identities and shell companies faster than any team can manually review. Yet, the work to combat financial crimes is still being done the old way - risk teams sifting through spreadsheets, PDFs, and disconnected tools one case at a time. AI lets us reimagine this sector. We're solving for this at @usefootprint by focusing on two things: time and memory. → Time: Percy runs your compliance program end-to-end in 1/10th the time, so your institution has extra eyes on every case, and your human analysts dedicate their time to the ones that truly matter. → Memory: Trust Fabric makes sure the grey area is removed and learnings are universal so your team (whether 5 or 500 people) catches more true positives and identifies fraud rings before they form. With this raise, we're doubling down on the thesis that risk operations will be re-envisioned for the AI-native era. As AI increases financial crime in the global economy, we're building the defense system that can expand to meet and defeat it. We're honored @QEDInvestors doubled down on their conviction, leading our Series B two years after leading our Series A. The same goes for those who have invested since day one: @lererhippeau, @indexventures, @BoxGroup, Operator Partners, Definition, and @animalcapitalco. And for new investors @am_mufg_jp, @commercevc, @lightbank, and @alumniventures. To the Footprint team: this company would be nowhere without your belief in building a digital world full of trust. I thank you from the bottom of my heart for being on this journey with us. To our customers: thank you for trusting us with your most important decisions. Your partnership is helping us build a better future for financial crime compliance. Full story on our blog:
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Today marks the start of a new chapter at @usefootprint, and we've built a new brand and website to prove it (with so much more to come). From Bonnie and Clyde to the Sony Hack, bad actors have continued to innovate. We're building the first-of-its-kind agentic system to outpace them. We know what's at stake for risk and compliance leaders, and we believe they should be armed with the most sophisticated tools possible to make the world's toughest decisions. Visit to check out our new look and feel, but more importantly, to learn more about what we're setting out to do and why.
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