Ballerine Overview
Ballerine is an open and self-service user identity and risk management platform that helps companies automate their decisions for onboarding, transaction monitoring, and credit underwriting. It provides an open platform that give companies customizable building blocks with the ability to extend the platform by writing open-source plugins and integrations. The open, self-service approach also allows Ballerine to provide affordable services in any geography.
Cumulative Funding Raised Over Time ($)
—Dec 2024
$8.0MJan 2025
$13.0MMay 2023
Latest News
growth-positive
/PRNewswire/ -- Ballerine, an AI risk intelligence platform designed to help financial institutions, fintechs, and marketplaces automate and optimize merchant...
Ballerine, an AI risk intelligence platform, has appointed Christian A. Chmiel as its new General Manager for the EMEA region. With over two decades of experience in risk management and compliance, Christian will play a crucial role in expanding Ballerines presence across Europe, the Middle East, and Africa. Ballerines platform helps financial institutions, fintechs, and marketplaces automate and optimize merchant onboarding, verification, and lifecycle monitoring processes. The company aims to support financial institutions with AI-powered tools that enhance risk decisions, enabling faster onboarding and smarter compliance. Christians appointment is seen as a strategic move to bolster Ballerines growth and influence in the financial services industry.
Management Changes
growth-positive
Fintech Company Ballerine Announces $5 Million Seed Funding to Deliver Open-Source Risk Decisioning Platform
Ballerine, an open-source risk decisioning platform, has raised $5 million in a seed funding round led by Team8. The company provides an open-source platform that integrates global data sources and tools to automate decision-making processes for financial transactions subjected to KYB, KYC, and anti-money laundering regulations. Ballerine is experiencing rapid growth and traction, with its GitHub repository attracting over 1500 developers worldwide. The funding will help Ballerine create the first open-source and developer-centric compliance infrastructure. The investors include Team8, Y Combinator, Vera Equity, and executives from Brex, Trulioo, Venmo, Melio, and Coinbase. Ballerine will be attending Money 20/20 in Amsterdam in June 2023.
Investment
growth-positive
Ballerine brings open source to banks' risk and identity decision-making
Ballerine, an open-source startup, has raised $5 million in seed funding to provide risk decision-making software for the finance sector. The company helps banks and financial organizations automate key decisions around their KYC and KYB obligations. Ballerines platform ingests data from various sources and integrates tools to support customer onboarding, underwriting, and transaction monitoring. The startup aims to verify the legitimacy of businesses and assess associated risks. Ballerine raised the funding in a seed investment round led by Team8, with participation from YC, Vera Equity, and angel backers. The company offers a back-end product that integrates with existing systems, as well as a hosted version. Ballerine is an open-source project, providing companies with more options and control over deployment and feature availability.
Investment
growth-positive
From the Valley to the Wadi: Ballerine back building at home after Y Combinator experience | CTech
Ballerine CEO Noam Izhaki shares his experience at Calcalists Roadshow and discusses the importance of cost reduction for startups in the current tech climate. Ballerine is an open-source infrastructure that helps financial service companies automate risk-related decisions.
Customers
| Sector | Fintech & Insurtech |
Funding
| Total funding | $13M |
| Last funding | $8M |
| Stage | Seed |
| Rounds | 3 |
| Investors | 6 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | ballerine.com |
| Careers | Careers page |
Locations
Rambam St 7, Tel Aviv-Yafo, Israel
Photos & Videos
No files yet
Ballerine Business
Business models
B2B
Product stage
R&D
Employees
11-50
Sector
Fintech & InsurtechMoney Transfer & ManagementTarget Customer
Financial ServicesCore Technology
Platforms & InterfacesWebTags (6)
open-sourceanti-money-launderinganti-money-launderingtransactionsrisk-managementidentity-verificationBallerine Financials
$13M
Total funding
Undisclosed
Capital raised
$8M
Last funding
Seed
Funding stage
3
Total rounds
6
Investors
Cumulative Funding Raised Over Time ($)
—Dec 2024
$8.0MJan 2025
$13.0MMay 2023
Private Equity Funding
Seed
Jan 2025
$8M
Team8, Dallas Venture Capital, Iron Nation, Moneta VC
Seed
Dec 2024
Undisclosed
Iron Nation
Seed
May 2023
$5M
Team8 (Lead)
,
Y Combinator, Vera Equity
Ballerine Lifecycle
Cumulative Funding Raised Over Time
—Dec 2024
$8.0MJan 2025
$13.0MMay 2023
All Events
Seed
Jan 2025
$8M
Team8, Dallas Venture Capital, Iron Nation, Moneta VC
Seed
Dec 2024
Undisclosed
Iron Nation
Seed
May 2023
$5M
Team8 (Lead)
,
Y Combinator, Vera Equity
Ballerine News
4 articles
growth-positive
/PRNewswire/ -- Ballerine, an AI risk intelligence platform designed to help financial institutions, fintechs, and marketplaces automate and optimize merchant...
Ballerine, an AI risk intelligence platform, has appointed Christian A. Chmiel as its new General Manager for the EMEA region. With over two decades of experience in risk management and compliance, Christian will play a crucial role in expanding Ballerines presence across Europe, the Middle East, and Africa. Ballerines platform helps financial institutions, fintechs, and marketplaces automate and optimize merchant onboarding, verification, and lifecycle monitoring processes. The company aims to support financial institutions with AI-powered tools that enhance risk decisions, enabling faster onboarding and smarter compliance. Christians appointment is seen as a strategic move to bolster Ballerines growth and influence in the financial services industry.
Management Changes
growth-positive
Fintech Company Ballerine Announces $5 Million Seed Funding to Deliver Open-Source Risk Decisioning Platform
Ballerine, an open-source risk decisioning platform, has raised $5 million in a seed funding round led by Team8. The company provides an open-source platform that integrates global data sources and tools to automate decision-making processes for financial transactions subjected to KYB, KYC, and anti-money laundering regulations. Ballerine is experiencing rapid growth and traction, with its GitHub repository attracting over 1500 developers worldwide. The funding will help Ballerine create the first open-source and developer-centric compliance infrastructure. The investors include Team8, Y Combinator, Vera Equity, and executives from Brex, Trulioo, Venmo, Melio, and Coinbase. Ballerine will be attending Money 20/20 in Amsterdam in June 2023.
Investment
growth-positive
Ballerine brings open source to banks' risk and identity decision-making
Ballerine, an open-source startup, has raised $5 million in seed funding to provide risk decision-making software for the finance sector. The company helps banks and financial organizations automate key decisions around their KYC and KYB obligations. Ballerines platform ingests data from various sources and integrates tools to support customer onboarding, underwriting, and transaction monitoring. The startup aims to verify the legitimacy of businesses and assess associated risks. Ballerine raised the funding in a seed investment round led by Team8, with participation from YC, Vera Equity, and angel backers. The company offers a back-end product that integrates with existing systems, as well as a hosted version. Ballerine is an open-source project, providing companies with more options and control over deployment and feature availability.
Investment
growth-positive
From the Valley to the Wadi: Ballerine back building at home after Y Combinator experience | CTech
Ballerine CEO Noam Izhaki shares his experience at Calcalists Roadshow and discusses the importance of cost reduction for startups in the current tech climate. Ballerine is an open-source infrastructure that helps financial service companies automate risk-related decisions.
Customers
Ballerine Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 34 |
| Team members | 3 |
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Ballerine Internal
Recent Updates
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Admin Info
| Confidence | 90/100 |
| Missing | video or image, markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 516638392 |
| Crunchbase | ballerine |
| Creator | Dana Arnon |
| Creator email | dana.arnon@mail.huji.ac.il |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2023-05-23T00:00:00.000Z |
| Created | 2023-01-01T00:00:00.000Z |