WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), has secured $45 million in funding led by Georgian, a growth-stage B2B investor with an AI Lab focused on scaling companies. This investment accelerates WorkFusion's mission to deliver agentic AI solutions in the $155 billion FCC operations market, building on its decade-long expertise in automation and intelligent document processing (IDP). The company, which pivoted in 2022 to specialize in AI agents for FCC, now serves 10 of the top 20 global banks, automating over 1 million alert hits daily and saving 5,000 full-time equivalents (FTEs) per day.
WorkFusion's 2022 restructuring shifted focus from general automation to purpose-built AI agents for FCC, targeting manual, error-prone processes like alert reviews and due diligence. These agents, pre-trained with up to five years of domain experience, outperform humans in scale and accuracy, enabling banks to handle rising volumes without proportional headcount growth. Deployed globally, they mitigate risks, enhance compliance, and free analysts for strategic tasks, addressing a market strained by regulatory demands and talent shortages.
The AI agents automate Level 1 analyst functions in anti-money laundering (AML), sanctions screening, KYC refresh, enhanced due diligence, and fraud investigations, boosting efficiency 3-5X. By processing over 1 million alerts daily, they prevent backlog accumulation, ensure policy adherence, and cut costs compared to hiring or outsourcing. This results in consistent, high-quality outcomes, strengthening compliance postures amid increasing regulatory scrutiny.
"Agentic AI represents an evolution beyond generative AI with capabilities to autonomously plan, reason about and execute complex tasks with minimal human intervention," comments Justin LaFayette, Co-Founder at Georgian. "Financial crime compliance is well-suited to agentic AI, where AI agents can complete much of the work needed to protect financial institutions. With over 85% of financial institutions currently deploying or planning to deploy agents in 2025, we think that WorkFusion is well positioned to capitalize on the move to agentic AI and we're proud to support them in that journey."
"Innovative approaches that blend AI and automation—like those developed by WorkFusion—are critical to strengthening our financial system defenses, offering a more efficient way to manage complexity and scale AML and KYC operations," said Jody LaNasa, Managing Partner and Chief Investment Officer of Serengeti Asset Management and co-Chief Executive Officer of Rochefort.
"As the demands on compliance teams continue to grow, it's clear that traditional methods need to evolve and we're excited to support the WorkFusion team as they continue to empower organizations with technology that makes a real difference," added Ray Yousefian, Senior Managing Director at Serengeti.
WorkFusion CEO Adam Famularo says, "In 2022, we made a hard pivot to restructure the company around our AI Agents for financial crime compliance. We were one of the first technology companies to focus on creating AI Agents that did a specific job role within a vertical industry. Today our pre-built AI Agents are saving customers about 40,000 hours a day of manual work. The type of work that humans are incapable of doing tirelessly, at scale, and with extremely high quality. And this is still just the beginning. We are now positioned for considerable growth as the market is ready for widespread adoption. We appreciate the continued confidence and support of our existing investor base and welcome our new investors."
This funding round validates WorkFusion's strategic pivot, positioning it to capture a share of the expanding FCC market where AI agents promise to alleviate talent shortages and regulatory pressures. By automating high-volume, low-value tasks, WorkFusion enables financial institutions to focus on high-impact compliance, ultimately reducing costs and enhancing risk management in a high-stakes environment.
WorkFusion is a pioneer in AI agents for financial crime compliance (FCC). Its AI Agents are purpose-built workers that augment financial crime compliance operations teams in Level 1 analyst functions for anti-money laundering (AML), adverse media monitoring, sanctions screening alert review, Know Your Customer (KYC), and transaction monitoring investigations (TM). WorkFusion's AI solutions are used at 10 of the top 20 banks and leading financial institutions around the globe to mitigate risk, solve talent challenges, increase workforce capacity, save money, enhance employee and customer experience, and improve compliance posture. For more information visit workfusion.com.
Georgian invests in high-growth B2B software companies and collaborates to build software to help those companies scale through our AI Lab. We seek to identify and accelerate leading growth-stage software companies in our thesis areas of Applied AI and Trust. Georgian's AI Lab team works with portfolio companies to address growth-stage product and go-to-market challenges through one-on-one engagements, the Transferred Learnings community and AI research. Based in Toronto, Georgian's team brings together investors with machine learning professionals, software entrepreneurs and experienced operators.
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