Blackbird Ventures has led a $28.7 million funding round in First AML, a New Zealand-based start-up founded by a former Bain & Company strategy consultant, and a pair of corporate bankers, after using the company’s software to make sure it doesn’t back companies that facilitate money laundering.
First AML co-founder and chief executive Milan Cooper said the company’s expansion into Australia earlier this year had gone well, and it had already hired 11 staff locally.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
