WorkFusion, a FinTech firm specialising in AI agents for financial crime compliance, has secured $45m in fresh funding to fuel its next phase of growth.
The funding round was led by Georgian, a growth-stage B2B investor that supports companies through its AI Lab. Other investors in the round included Serengeti Asset Management, Nokia Growth Partners III, Teralys Capital, Hawk Equity, Chubb INA Holdings, Declaration Partners, WorkFusion CEO Adam Famularo and other leadership members, SVB Innovation Credit Fund VIII, Konrad Investments, and George John.
The company, which restructured its business in 2022, builds AI agents designed to automate manual, error-prone, and document-heavy processes for financial crime compliance (FCC) operations. Its technology is currently deployed at leading banks worldwide, including 10 of the top 20 institutions. According to the firm, its agents automate more than 1m alert hits daily and save the equivalent of 5,000 full-time employees per day.
WorkFusion said the new capital will help it expand the adoption of its agentic AI technology across the $155bn FCC operations market. The company positions its solution as a faster, cheaper, and more reliable alternative to hiring or outsourcing, enabling banks to scale their FCC operations by up to five times while improving regulatory compliance and reducing risks.
The company’s platform supports a wide range of compliance functions, including sanctions screening, adverse media monitoring, transaction monitoring investigations, Know Your Customer (KYC) refreshes, enhanced due diligence, and fraud alert reviews. By automating these tasks, WorkFusion argues that financial institutions can prevent backlogs, cut costs, and reduce the pressure on compliance teams overwhelmed by rising alert volumes.
WorkFusion CEO Adam Famularo said, “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.”
Georgian co-founder Justin LaFayette added, “Agentic AI represents an evolution beyond generative AI with capabilities to autonomously plan, reason about and execute complex tasks with minimal human intervention. 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.”
Serengeti Asset Management managing partner and chief investment officer Jody LaNasa, who also serves as co-CEO of Rochefort, said, “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.”
Serengeti senior managing director Ray Yousefian added, “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.”
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