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Elucidate

Berlin, DE · Founded 2018 · 16 employees on LinkedIn · 5 known investors

Find your way into Elucidate

1,105 people in our graph share verified history with the Elucidate team — schools, employers, funds. One of them is your warm intro.

Niki Pezeshkiunlockedknows Shane Riedel · together at Goldman Sachs (overlapped)
×8knows the team · via Goldman Sachs
knows the team · via Ohio University
knows the team · via Standard Chartered Bank
knows the team · via Kent State University

Elucidate develops AI-powered financial crime risk management solutions for banks, payment providers, and other financial institutions. The company provides a regulated benchmarking standard for assessing financial crime risk across payments and transactions.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintech

Founders & leadership

Elucidate was founded in 2018 by Shane Riedel.

SRShane Riedel
Shane RiedelinCEO and co-founderShane Riedel is founder and CEO of Elucidate, an AI-powered financial crime risk management platform for banks and payment providers. He has held roles across global financial institutions and public sector organizations focused on compliance and financial crime prevention.

Investors · 5

11.2 CapitalLas Vegas · $500K – $3M
AV8 VenturesPalo Alto · $500K – $10M
Elevator VenturesVienna · $1.1M – $3.3M
Frontline VenturesSan Francisco · $540K – $3.2M
SixThirty VenturesreportedSt. Louis · $100K – $250K

Funding

SEC filings, press & company announcements

$8M disclosed across 1 of 2 rounds · 2021–2022

Source: company announcements and press reports — follow each round's link for the claim.

Competitors · 2

by search overlap
Tookitaki12 shared keywordsTookitaki provides an anti-financial crime platform designed for banks and fintech companies, leveraging community intelligence and real-time responsiveness to detect and prevent financial crimes. The platform uses federated learning and transparent AI frameworks to serve financial institutions across APAC and the Middle East.
Iadb8 shared keywordsThe Inter-American Development Bank Group provides financing and knowledge to support public sector, private companies, and entrepreneurial innovation across Latin America and the Caribbean. It comprises the IDB, IDB Invest, and IDB Lab, working on development priorities such as security, care, and resilience.

Companies competing with Elucidate for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Financial Crime Risk Scoring Firm, Elucidate, Raises $8M In Capital | Crowdfund Insidercrowdfundinsider.com · May 2022Elucidate raises $8m in funding round - Private Equity Wireprivateequitywire.co.uk · May 2022Elucidate raises $8 million to help banks counter surging financial crimefinextra.com · May 2022Elucidate Raises €2.5M in Pre-Series A Funding - FinSMEsfinsmes.com · Mar 2021Financial crime detection startup Elucidate raises €2.5 millionfinextra.com · Mar 2021

Frequently asked questions

What does Elucidate do?
Elucidate develops AI-powered financial crime risk management solutions for banks, payment providers, and other financial institutions. The company provides a regulated benchmarking standard for assessing financial crime risk across payments and transactions.
Who founded Elucidate?
Elucidate was founded by Shane Riedel in 2018.
Who are Elucidate's investors?
Elucidate's investors include 11.2 Capital, AV8 Ventures, Elevator Ventures, Frontline Ventures, SixThirty Ventures.
How much funding has Elucidate raised?
Elucidate has disclosed $8M raised across 1 of its 2 known rounds.
Where is Elucidate headquartered?
Elucidate is headquartered in Berlin, DE.