Tech.-startup Tookitaki revealed on Monday that they have raised $11.7 million in an extended Series-A round of funding from multiple global investors. Earlier in 2019, the company had raised $7.5 million as part of previous Series-A investments, bringing the total investment to $19 million.

The current investments were led by Viola Fintech and SIG Asia followed by Nomura Holdings, Illuminate Financial, Jungle Ventures and

SEEDs Capital Pvt. Ltd, an investment arm of the Singapore government.

TookiTaki was founded by Abhishek Chatterjee in 2014, in order to help banks fight money laundering through its AI-powered software. The company is headquartered in Singapore with multiple offices located in India and U.S.A.

According to Abhishek Chaterjee, the extended Series-A funding rounds will enable TookiTaki to enhance its product offering and drive technological innovation in the anti-money laundering space. Abhishek Chaterjee further added: “We are planning to increase our headcount in India by 3x and also plan to expand our research and engineering team in India under the leadership of our VP research and engineering Subhas Samanta,". His aim is to revolutionize regulatory compliance and ensure sustainable compliance programs for fintech institutions in the world. TookiTaki with the help of analytics platform and machine learning-enabled software applications helps support multiple stakeholders fight money laundering.