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Flagright and Cleva team to enhance financial services for Africans

By Delisha Fernandes

April 03, 2024

  • Anti - Money Laundering
  • Cleva
  • Financial Security
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Flagright, Aforti, SMEs, Financial Services, AI, Anti-Money Laundering, AML, fraud prevention, traditional banking, online currency exchange, financial institution, Fintech news, Fintech EuropeFlagright, an AI-native Anti-Money Laundering (AML) compliance and fraud prevention solution, has partnered with Cleva, a FinTech platform, to transform financial services for Africans.

This collaboration highlights the commitment of both Y Combinator alumni to leveraging technology for financial security and empowerment.

Tolu Alabi, Co-founder & CEO of Cleva, said, “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.

Cleva’s intuitive platform, which provides USD banking to African freelancers and businesses, is taking a significant step forward in its mission by incorporating Flagright’s advanced AML and fraud prevention technologies. This partnership aims to set a new standard for security and convenience in financial services, aligning with the evolving needs and expectations of today’s consumers and businesses.

Flagright’s AI-native and user-friendly, no-code interface will enable Cleva to seamlessly integrate comprehensive AML compliance and fraud prevention measures, underscoring the dedication of both companies to delivering secure and innovative financial solutions.

Baran Ozkan, Co-founder and CEO of Flagright, said, “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.”

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