Unit21, Inc.

Unit21, Inc. provides advanced risk and compliance solutions through a no-code platform, focusing on fraud prevention and anti-money laundering to streamline operational processes for organizations. Founded in 2018 and headquartered in San Francisco, US, Unit21, Inc. specializes in risk and compliance operations.

The company was co-founded by Clarence Chio and Trisha Kothari, with Trisha currently serving as CEO. Unit21 raised USD 45 mn in a Series C funding round on June 29, 2023, led by Tiger Global Management and South Park Commons. The total amount raised by the company stands at USD 45 mn, with a current valuation of USD 621. 703 mn.

Unit21 offers a customizable no-code platform tailored for risk and compliance operations, primarily focusing on fraud prevention and anti-money laundering (AML) solutions. Their core product suite includes AML transaction monitoring, real-time payment fraud prevention, case management, watchlist screening, and customer risk ratings. These solutions empower users to automate investigations, implement custom detection logic, and manage compliance requirements efficiently, serving clients including financial institutions, fintech companies, neobanks, and payment processors across North America, Europe, and Asia. Unit21 generates revenue primarily through subscription-based models, allowing clients to access its suite of products and services.

The flexible pricing structure accommodates varied client needs, enabling subscriptions to individual modules like AML transaction monitoring or real-time payment fraud prevention. Partnerships with sponsor banks and fintech integrations further diversify revenue streams, supporting Unit21’s commitment to tailored solutions in the risk and compliance landscape. With the recent Series C funding of USD 45 mn raised on June 29, 2023, Unit21 plans to enhance its growth and expand its market reach. The company aims to develop new products tailored for the evolving needs of its clients and is targeting expansion into additional markets, although specific regions have not been disclosed.