Notabene Analysis: $15M Raised
What is Notabene?
Notabene provides infrastructure for compliant stablecoin and digital asset payments across regulated financial institutions. Its products combine counterparty verification, transaction authorization, and Travel Rule workflows for pre-transaction checks. The company says it serves more than 280 customers, covers 100 plus jurisdictions, and supports more than 2 trillion dollars in compliant volume.
Location
921 Front Street, Suite 204, New York City, New York 94111, United States
Employees
51-200
Founded
2020
Revenue
$8.4M - $11.9M
Business Model
SaaS model providing compliance solutions; revenue from subscriptions and funding.
Product Features & Capabilities
- SafeTransact, SafeGateway, SafeConnect, Travel Rule Compliance, self-hosted wallet verification, end-to-end counterparty verification, automated due diligence, real-time compliance, customizable rule engines, VASP network connectivity, Travel Rule Certification program.
Pricing
- SafeTransact Rise: Free introductory plan allowing up to $10k USD in transactions monthly, with unlimited incoming transactions.
- SafeTransact: Ready-to-use solution with minimum integration required, offering automated counterparty due diligence.
How much Notabene raised
Series B - $14.5 million
November 12, 2024Lead Investor: DRW VC
Who are the founders of Notabene
HQ Full Address
921 Front Street, Suite 204, New York City, New York 94111, United States
Market Focus
Notabene primarily focuses on the cryptocurrency and financial technology industry, specifically providing solutions for compliance with regulations related to virtual assets and preventing illicit activities in financial transactions.
Investors
- DRW VC
- Apollo
- NextBlock
- ParaFi Capital
- Wintermute
Competitors Overview
Notabene operates in the crypto compliance and transaction monitoring market, primarily focusing on helping financial institutions and virtual asset service providers (VASPs) comply with the FATF's Travel Rule. Its main competitors include:
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Elliptic: A leading provider of blockchain analytics and compliance solutions, Elliptic offers tools for transaction monitoring and risk assessment, helping businesses manage compliance with AML regulations. Notable advantage: Elliptic has a strong reputation and extensive data coverage across various cryptocurrencies.
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Chainalysis: Known for its comprehensive blockchain analysis tools, Chainalysis provides services that help organizations detect and prevent fraud and money laundering. Notable advantage: Chainalysis has established partnerships with law enforcement agencies, enhancing its credibility and effectiveness in compliance.
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Coinfirm: This company specializes in AML and compliance solutions for cryptocurrencies, offering a platform that provides risk assessments and transaction monitoring. Notable advantage: Coinfirm's focus on regulatory compliance and its ability to provide detailed reports on transaction risks set it apart.
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Crystal: A blockchain analytics tool that focuses on AML compliance, Crystal provides insights into transaction flows and risk levels. Notable advantage: Crystal's user-friendly interface and integration capabilities make it accessible for various users, including law enforcement.
These competitors differ in their specific features, market focus, and partnerships, which can provide them with distinct advantages in the compliance landscape.
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