Hawk Raises $56 Million to Enhance AI Financial Crime Solutions

Hawk, a Germany-based fintech specializing in AI-driven anti-money laundering (AML) solutions, has successfully raised $56 million in Series C funding, primarily led by One Peak. The funding will enhance product innovation and support the company's expansion into the U.S. market, where it aims to help financial institutions transition away from traditional rules-based AML methods that often generate excessive false positives. Hawk's AI technology has reportedly improved alert accuracy to nearly 90%, allowing banks to detect more financial crimes while minimizing unnecessary compliance burdens. With over 80 global customers, including major Tier 1 banks, the firm seeks to address the rising challenges of financial crime amid increasing technological sophistication among fraudsters. CEO Tobias Schweiger emphasized the necessity of AI in modern compliance strategies to enhance risk detection and operational efficiency.