ThetaRay

ThetaRay

ThetaRay supplies financial-crime compliance software to banks, fintechs, and payment providers, counting more than 100 institutional customers and monitoring over a billion end users. Founded by Professor Amir Averbuch, the firm built its platform on Cognitive AI to catch money laundering and sanctions violations that traditional rules-based systems miss. Its engine processes 15 billion trusted transactions each year, spanning $20 trillion in total volume. Deployed entirely as a SaaS solution, ThetaRay covers transaction monitoring, dynamic customer risk assessment, and real-time entity screening. Clients use the tools to uncover hidden criminal networks, reduce compliance headcount strain, and safely expand into jurisdictions they previously considered too risky. Named users include Santander — focused on high-risk correspondent banking — as well as Shift4 and Onafriq, whose managing director cited ThetaRay’s ability to define what good compliance looks like across the African continent. Headquartered in Hod HaSharon, the firm operates from New York, London, Madrid, and Dubai. In 2023 ThetaRay closed a $57 million funding round to extend its AI financial-crime tools and, in January 2025, announced the acquisition of Screena, a European sanctions-screening company, folding its entity-resolution technology into the broader platform. The combined architecture now powers real-time screening across counterparties and watchlist databases directly within the workflow. Unlike conventional RegTech vendors that bolt machine learning onto pre-existing checklists, ThetaRay’s decision engine structures itself around an agentic architecture — software agents that not only flag suspicious behavior but also draft and document the first-level investigation, producing an audit-ready record. That design moves the product from a simple alert system to a tool that AML teams can use to close cases faster, a shift that makes the platform a substitute for junior investigative headcount rather than a supplement.