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Cleva, an innovative fintech platform revolutionizing financial services for African freelancers and business through its USD banking solution, is excited to announce its incorporation of Flagright‘s AI-native Anti-Money Laundering (AML) compliance and fraud prevention solutions. This move represents a significant step forward in our mission to deliver secure and innovative financial services to our users by leveraging cutting-edge technology.
As two Y Combinator alumni, both Cleva and Flagright share a commitment to leveraging technology for financial empowerment and security. By implementing Flagright’s advanced AI-native tools, Cleva is setting a new standard for transaction security and regulatory compliance in the fintech space while significantly enhancing its ability to protect users and their transactions.
This advanced technology allows us to swiftly detect and prevent potential fraud or money laundering attempts, ensuring a safer financial environment for our customers. The seamless integration of these security measures means our users can enjoy improved protection without any disruption to their experience, allowing us to offer our innovative financial services with greater confidence and reliability.
Tolu Alabi, Co-founder & CEO of Cleva, commented on the integration: “Partnering with Flagright is a pivotal move for Cleva in our quest to redefine financial services. As fellow YC alumni, we share a foundational belief in the power of technology to solve complex problems. Flagright’s state-of-the-art security solutions will greatly enhance our ability to protect our customers’ transactions and personal information, intelligently identify unusual transactions, and foster trust in our platform.”
Baran Ozkan, Co-founder and CEO of Flagright, added, “We are thrilled to partner with Cleva, a fellow YC company, in their journey to transform financial services. Our collaboration is a testament to our shared vision of making financial transactions more secure and accessible. We look forward to supporting Cleva’s innovative approach with our robust security measures, contributing to a safer and more efficient financial ecosystem.”
About Flagright
Flagright is a leader in providing AI-native AML compliance and fraud prevention solutions globally, helping fintechs and banks combat financial crimes and secure transactions. Its comprehensive suite features real-time transaction monitoring, case management, sanctions screening, customer risk assessment, and more, all accessible through an easy-to-use, no-code platform.
Learn more about Flagright here: Flagright.
About Cleva
Cleva is a cutting-edge financial technology platform that enables African freelancers and businesses to get paid in USD and manage their money in USD. As a Y Combinator-backed company, Cleva is committed to using technology to provide innovative, secure, and user-friendly financial solutions, enabling prosperity for Africans across the world.
Learn more about Cleva here: Cleva.
