Elliptic
cryptocurrency . blockchain . regtech . authentication and fraud prevention . risk management
Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!
About
Elliptic is a Bitcoin surveillance firm that identifies illicit activity on the Bitcoin blockchain. It further analyzes the transactions and provides actionable insights to financial institutions and law enforcement agencies. The transaction-tracing platform mines the public Bitcoin ledger to identify and flag up suspicious transaction patterns within the distributed digital currency.
Focus
PRODUCTS & SERVICES
The platform helps financial institutions and law enforcement agencies in the following way: The platform helps financial institutions to safeguard themselves from fraud and fines by delivering enterprise-scale Bitcoin transaction monitoring services. The platform enables FIs and banks to assess the risk that a customer poses to an enterprise. It further helps them to streamline their communications with law enforcement agencies, regulators, and banks. Elliptic helps law enforcement agencies by providing actionable insights for complex investigations. It monitors thousands of Bitcoin transactions across hundreds of entities and helps them connect illicit Bitcoin activity to real-world actors. The proprietary database links millions of Bitcoin addresses to thousands of clear web and dark web entities.
REVENUE MODEL
The customers will be charged an annual fee – 0.75% of their account value.
MAIN CLIENTS
Financial institutions and law enforcement agencies
Traction
VALUATION / MARKET CAP:
$33.33 M in 2016
People
FOUNDERS
James Smith
Tom Robinson
Adam Joyce
BOARD MEMBERS AND ADVISORS
James Smith
Tom Robinson
Adam Joyce
Chris Grew
Eitan Jankelewitz
Martine Niejadlik
Nadav Rosenberg
Manuel Silva Martinez
NUMBER OF EMPLOYEES
11-50
INVESTORS:
Momentum
FUNDED
YES
TOTAL FUNDING
$35 M
DATE OF LAST FUNDING
Feb 2020
SEED & PRIOR FUNDING
$2 M
SEED CLOSED ON
Jul 2014
FUNDING SERIES
SERIES A · $5 M · Mar 2016
SERIES B · $23 M · Sep 2019
OTHERS · $5 M · Dec 2017
LISTED
NO
Innovation Programs
Sign up for a 30- day free trial with MEDICI Inner Circle to follow and track profiles you care about.
Related Companies
Aeguana Digital, a player in the vending industry,provide vending machines that supports wide range of payment methods including bitcoin.
Bitstamp is an European Union-based bitcoin marketplace. It allows people from all around the world to safely buy and sell bitcoins.
BTC China is a bitcoin trading platform that enables consumers to buy and sell bitcoins in the native Chinese CNY currency.
FOUNDING YEAR:
LOCATION:
Views:
$35 M
About
Elliptic is a Bitcoin surveillance firm that identifies illicit activity on the Bitcoin blockchain. It further analyzes the transactions and provides actionable insights to financial institutions and law enforcement agencies. The transaction-tracing platform mines the public Bitcoin ledger to identify and flag up suspicious transaction patterns within the distributed digital currency.
Elliptic
About
Momentum
FUNDED
NO
LISTED
NO
Other