Elliptic Company Intelligence

2021 has been a record year for cryptocurrency adoption – traditional financial institutions and businesses entering the space, El Salvador adopting Bitcoin as its legal tender, and new opportunities rising in the NFT and DeFi space. This growth in the crypto ecosystem was accompanied by increased crypto-asset regulations set to protect investors and prevent fraudulent activities in the space. To comply with the rapidly evolving regulations, financial institutions and crypto businesses started investing in institutional-grade custodial solutions and sophisticated compliance systems. With a mission to "protect [its] customers from financial crime in crypto-assets," Elliptic is a blockchain analytics company that provides crypto compliance solutions and services for crypto businesses, financial institutions and regulators. Elliptic's Anti-money laundering (AML) solutions include crypto wallet screening, crypto transaction monitoring,  virtual asset service provider (VASP) screening, and crypto investigations. Elliptic's offerings cover not only tailored compliance tools but also provide professional compliance consulting services and training options such as Elliptic LEARN Certify. Receiving $60 million in funding last year, Elliptic is continuing to expand its global network and solidifying its position in the crypto-asset regulation technology business.

Elliptic provides us with an integrated, automated crypto compliance solution that is tailored to our risk appetite and enables us to meet FCA requirements and other regulatory standards. Elliptic's asset-agnostic scoring capabilities, configurable risk rules, as well as the extensive selection of cryptocurrencies supported are crucial for Revolut's compliance operations and broadened cryptocurrency offering.