With Electronic Money Laundering Approaching a $500 Billion Problem Worldwide, EverCompliant’s Business Grows by over 300%

On: January 30, 2018

The Company sees explosive demand in 2018 for its cyber intelligence technology

New York City, NY – January 30, 2018:  EverCompliant, the pioneer of Electronic Money Laundering Detection and Prevention (known as Transaction Laundering), announced their continued, industry-leading growth in 2017.  The firm’s client roster now includes some of the largest institutions across North America, Europe, and Asia, who collectively monitor millions of merchants within their platforms.  Their proprietary and highly-effective method for uncovering Transaction Laundering has fueled a surging demand that yielded more than 300% in company growth in 2017.

EverCompliant’s 2017 key milestones include:

  • More than 300% in both customer base and revenue growth
  • Over 200% employee growth, added to support expected 2018 expansion
  • Over 300% increase in merchants monitored by customers
  • Highlighted by CB Insights as one of the Tech Startups Redefining the Financial Services Industry”
  • Key executive hires including Chief Revenue Officer, VP of Marketing, and GM-Israel

The company enables banks, payment service providers and payment facilitators to identify and eliminate fraudulent transactions processed for illicit purposes through legitimate merchants.  EverCompliant protects its customers from hefty fines, chargebacks and reputational damage caused by unknowingly facilitating money laundering and other criminal activity.

“We are very proud of the progress we’ve made over the course of 2017,” said Ron Teicher, CEO of EverCompliant. “As we move into 2018, we will continue to lead innovation in the payments industry and reduce the risk associated with accepting payments online, while educating the public on the significance of Transaction Laundering. Our growth signals that we are answering an unmet need in the market.”

Last year, EverCompliant announced its new headquarters in New York City, as it continues to expand in the North American region. CEO Ron Teicher joined COO Daniel Klein in NYC, while Chief Revenue Officer Alasdair Rambaud was brought on to head the new San Francisco office.  Joining them is Sean Goldstein, VP Marketing, who will lead the company’s marketing efforts, and Sophie Chetboun, GM Israel, to head their Tel Aviv facilities.

“By adding top-notch executives to the existing team –  Alasdair Rambaud, Chief Revenue Officer, Sean Goldstein, VP Marketing and Sophie Chetboun GM, Israel – we are poised to further accelerate our growth,” added Ron. “As leaders in the FinTech and payments industry, we will continue to provide the most advanced tools on the market to enable our customers to mitigate the enormous risk associated with elusive criminals committing online money laundering.”

EverCompliant launched several industry-first technologies in 2017, including deep machine-learning technology within their MerchantView platform, enabling the most accurate and scalable merchant risk detection and Electronic Money Laundering Prevention solution available.

About EverCompliant

EverCompliant is the pioneer and industry leader in Electronic Money Laundering Detection and Prevention (known as Transaction Laundering). The company’s flagship product, MerchantView™, is the first and only dedicated solution on the market designed from its core to detect and prevent Transaction Laundering. MerchantView applies proprietary cyber intelligence technology to identify unknown and hidden merchants funneling transactions through seemingly legitimate storefront websites. EverCompliant’s technology has been adopted by large-scale financial institutions and payment service providers in Asia, Europe, U.S. and the Middle East. EverCompliant is headquartered in New York City with offices in San Francisco, Shanghai and Tel Aviv.

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