Paris Startup Marble Closes €6.5M Series A to Expand AI Across Its No-Code Fraud and AML Platform
Paris Startup Marble Closes €6.5M Series A to Expand AI Across Its No-Code Fraud and AML Platform #
Paris-based Marble has secured €6.5 million in a Series A funding round to expand its open-source platform that lets compliance teams at banks and fintechs build and deploy fraud and anti-money laundering detection rules without relying on engineering teams.
The round was led by Smartfin, a European venture capital firm focused on high-growth B2B technology businesses. New investor ADNEXUS joined the cap table, while existing backers Passion Capital, 42Capital, and Hexa each increased their positions. The raise brings Marble’s total funding to €9 million.
Founded in 2021 by Arnaud Schwartz and Pascal Delange, both alumni of French neobank Shine, Marble targets what the industry calls FRAML, the combined workload of fraud detection and AML/CFT compliance. The platform allows risk and compliance officers to create, test, and launch detection rules independently, without waiting for IT projects. It can be deployed on a customer’s own servers or delivered as a hosted service.
According to the company, more than 100 institutions across 25 countries now run Marble in production. The platform is an open-source alternative to incumbents such as NICE Actimize, ComplyAdvantage, and Fiserv for transaction monitoring and case investigation.
The company says fraud and AML work can consume 10% to 15% of staff time at financial institutions, time that would otherwise go toward growth. The fresh capital will be directed at embedding AI more deeply into the platform, including automating rule-writing, alert triage, and case investigation workflows.
Marble also plans faster on-premise deployment options, built-in AI agents scoped to only the data they are authorised to access, and compliance rule changes that officers can make through configuration rather than code. The company has set a target of surpassing €5 million in annual recurring revenue by 2027.
“Compliance teams shouldn’t have to choose between staying compliant and moving fast,” said Arnaud Schwartz, CEO and co-founder. “That’s exactly what we built Marble to solve.”
Smartfin partner Saumitra Dubey described the product as “the structurally differentiated, modern financial crime operating system for mid-market banks and fintechs,” citing the firm’s conviction in Marble’s automation-first approach as the reason for leading the round.
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