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WorkFusion has raised $45 million to accelerate the deployment of its AI-powered compliance agents, designed to automate labor-intensive processes in financial crime compliance (FCC).
The company, which pivoted in 2022 from intelligent automation and document processing to AI-driven compliance solutions, now supports 10 of the world’s top 20 banks. Its technology processes over one million alert hits daily, saving the equivalent of 5,000 full-time employees’ work each day.
WorkFusion’s AI agents enable FCC teams to scale capacity by three to five times, streamlining critical tasks such as sanctions screening, adverse media monitoring, transaction investigations, customer onboarding, KYC refreshes, enhanced due diligence, and fraud alert reviews.
According to Adam Famularo, CEO of WorkFusion, the company’s success reflects its early focus on building specialized AI agents for financial services:
“Our pre-built AI agents are saving customers about 40,000 hours of manual work daily—tasks that humans cannot sustain at scale with the same accuracy. This is only the beginning, as the market is now primed for widespread adoption.”
The fresh capital will strengthen WorkFusion’s growth strategy, positioning it to expand its presence in global financial institutions amid rising regulatory and compliance demands.
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