Flagright

Flagright provides a financial crime compliance platform for regulated financial institutions, positioning itself as an "AI operating system" for anti-money-laundering (AML) and fraud operations. The product suite unifies real-time and post-event transaction monitoring, dynamic customer risk scoring, watchlist and sanctions screening, case management, regulatory filing (including SAR filing to FinCEN and goAML in 70+ countries), a no-code rule engine with rule simulation and shadow rules, workflow building, quality assurance, network analysis ("Ontology"), and AI agents branded AI Forensics and AI Co-Pilot. The platform can be adopted end-to-end or as individual modules.

Core capabilities described by the company include sub-second API response times, data processing under 700 milliseconds, 99.99% uptime, a centralized data lake that feeds AI agents, and human-in-the-loop controls with auditable decision logging designed for regulatory examination. Customers are reported to build rules in about three minutes on average, and the company cites up to 93% false positive reduction, 81% operational cost savings and 50% shorter investigation times.

Flagright serves banks and financial institutions, payment processors, digital banks and neobanks, credit unions, brokerages and trusts, crypto and Web3 firms, and remittance providers, spanning enterprise, mid-market and SMB segments.

Founding story

Co-founders Baran Ozkan (CEO) and Madhu G. Nadig (CTO) built Flagright as the platform they wished existed after Ozkan's extended search for a transaction monitoring vendor that met his requirements failed. Company materials state the business was founded in 2022 and started in Berlin.

Business model

Flagright licenses its compliance platform as software to financial institutions, offered either as a unified platform or as modular components, with deployments the company says can be completed in as little as two weeks. A Flagright Startup Program offers eligible fintech startups free access in year one, a 50% discount in year two and standard pricing in year three.

Software sold to regulated financial institutions, with tiered pricing that includes a discounted multi-year entry path for startups.

Traction

As of the April 2025 seed announcement, Flagright reported more than 50 customers across six continents and a team of 35. By the June 2026 Series A, the company reported more than 100 financial institutions as customers across 30+ countries, with other company materials citing financial institutions in 35+ countries. Publicly named customers and partners include Payhawk, BTSE, Verto, Aspire, Catalyst, Reap, Tipalti, UniCredit in Poland, SME Bank, Betterment, HitPay and Pesawise.

Latest developments

In June 2026 Flagright announced a $12.5M Series A led by Infinity Ventures with participation from Sella Direct Ventures and existing investors Frontline and Y Combinator, earmarked for expanding AI capabilities and US market presence. The company also announced Nacha Preferred Partner status for ACH fraud monitoring and compliance, and a series of customer wins in mid-2026 including Payhawk, BTSE, Verto, Tipalti and UniCredit in Poland.