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Lucinity

Reykjavik, IS · Founded 2018 · 31 employees on LinkedIn · 5 known investors

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Lucinity provides AI-powered financial crime prevention and anti-money laundering operations for financial institutions. The platform uses "Human AI Operations" to automate and clarify compliance work, allowing investigators to focus on oversight and decision-making rather than routine tasks.

AI & Machine LearningEnterprise SoftwareFintech

Founders & leadership

Lucinity was founded in 2018 by GK, Daniel Pálmason, Johann Haraldsson, and Guðmundur Kristjánsson.

G
GKFounder and Executive Chairman
DP
Daniel PálmasonChief Executive Officer and Co-FounderDaniel Pálmason is Chief Executive Officer and Co-Founder of Lucinity, which builds AI-powered anti-money laundering and financial crime prevention tools for financial institutions. He has over 15 years of experience in financial services and regulatory compliance, and has held prior roles at Lucinity as Chief Operating Officer and Chief Commercial Officer.
JHJohann Haraldsson
Johann HaraldssonChief Technology Officer and Co-FounderJohann Haraldsson is Chief Technology Officer and co-founder of Lucinity, which builds AI-powered anti-money laundering and financial crime prevention software for financial institutions. He has background experience in management consulting and operations.
GKGuðmundur Kristjánsson
Guðmundur KristjánssonExecutive Chairman and FounderGuðmundur Kristjánsson founded Lucinity after working in surveillance and product leadership roles at Citi, NICE, and CyberTech. He now serves as Executive Chairman and leads the company's long-term strategy and Human AI architecture for financial crime prevention.
GK
Gudmundur KristjanssonFounder

Investors · 5

Crowberry Capitallisted by Crowberry CapitalReykjavík · $220K – $2.2M

How we know: Crowberry Capital's portfolio page · funding news · prnewswire.com · open dataset · 5k.vc investor directory · Not right? Tell us

Karma Ventureslisted by Karma VenturesTallinn · $1.1M – $5.4M

How we know: Karma Ventures's portfolio page · funding news · prnewswire.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Keen Venture Partnerslisted by Keen Venture PartnersAmsterdam

How we know: Keen Venture Partners's portfolio page · funding news · prnewswire.com · open dataset · 5k.vc investor directory · Not right? Tell us

Experian Venturesreported

How we know: prnewswire.com · Not right? Tell us

Funding

SEC filings, press & company announcements

$17M disclosed across 1 of 2 rounds · 2020–2022

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

Related companies · 7

Unit 21Unit21 provides an AI-powered fraud prevention and AML compliance platform that automates financial crime detection, investigations, and regulatory filing across the full lifecycle. The platform serves fintechs and financial institutions globally with configurable AI agents that reduce false positives and accelerate case resolution while maintaining regulatory defensibility.
Comply AdvantageComplyAdvantage offers a SaaS-based risk intelligence platform for anti-money laundering (AML) and financial crime risk management, providing customer screening and transaction monitoring for financial services and compliance teams. Its AI-driven tools support onboarding, ongoing monitoring, remediation, and reporting.
TookitakiTookitaki 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.
FlagrightFlagright provides transaction monitoring software for financial institutions to detect and manage suspicious activity. The platform serves banks and financial institutions across multiple countries.
SEONSEON provides a fraud prevention and AML decision-making platform that uses real-time first-party data signals and an AI rules engine to detect fraud and automate compliance across the customer journey. It serves businesses in fintech, payments, eCommerce, and iGaming.
AlessaAlessa develops SaaS compliance software that combines KYC, KYB, AML, and fraud prevention tools for financial institutions and corporates globally. The platform helps organizations detect and prevent financial crime while reducing compliance risk.
DataVisorDataVisor provides an AI-based platform for financial crime prevention, using machine learning, adaptive AI agents, and automation to detect and block fraud and money laundering in real time. It serves large enterprises and financial institutions operating complex, high-volume financial ecosystems.

Companies working in the same space as Lucinity.

In the news

Lucinity Raises USD17M in Series B Fundingfinsmes.com · Jul 2022LUCINITY RAISES $17 MILLION IN A SERIES B FUNDING ROUND TO PROVIDE BANKS WITH PRODUCTIVITY TOOLS TO FIGHT FINANCIAL CRIMEprnewswire.com · Jul 2022

Frequently asked questions

What does Lucinity do?
Lucinity provides AI-powered financial crime prevention and anti-money laundering operations for financial institutions. The platform uses "Human AI Operations" to automate and clarify compliance work, allowing investigators to focus on oversight and decision-making rather than routine tasks.
Who founded Lucinity?
Lucinity was founded by GK, Daniel Pálmason, Johann Haraldsson, Guðmundur Kristjánsson in 2018.
Who are Lucinity's investors?
Lucinity's investors include byFounders, Crowberry Capital, Karma Ventures, Keen Venture Partners, Experian Ventures.
How much funding has Lucinity raised?
Lucinity has disclosed $17M raised across 1 of its 2 known rounds.
Where is Lucinity headquartered?
Lucinity is headquartered in Reykjavik, IS.