FinCrime Platform Cable Raises $11M Series A

Automated financial crime assurance platform and Zyla Accountants client Cable announced it has raised an $11 million Series A funding round led by Stage 2 and Jump Capital with ongoing participation from previous investor CRV.

Founded in 2021, Cable will use the capital injection to hire for roles across its product, engineering, data and go-to-market teams, as well as quicken its development pace, the company said in a news release.

“What we’ve built so far is only the first 1 percent of the roadmap that we have planned and barely scratches the surface when we think about our mission,” Cable CEO and co-founder Natasha Vernier said in a news release. “I am delighted to bring Dan and Liz from Stage 2 Capital, and Tarun from Jump Capital, to the table to leverage their go-to-market experience as we look to accelerate through the next phase of our growth.”

Cable’s mission is to reduce financial crime, and we’ve spent the last few years building world-first products to tackle this huge, $4 trillion problem. We’ve hit some incredible milestones so far by building:

• The first and only Automated Assurance product on the market, which finds financial crime regulatory breaches and control failures in real-time.

• The first and only truly automated risk assessment, which automatically updates for financial crime risk changes.

• Industry-leading Quality Assurance, business intelligence, and workflow tools to finally give Compliance Officers the product they need to excel at their jobs.

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