Flagright Teams Up with Cleva to Enhance Financial Services for Consumers and Businesses

Flagright, a leader in AI-native Anti-Money Laundering (AML) compliance and fraud prevention solutions, is excited to announce its latest customer, Cleva, an innovative financial technology platform aimed at revolutionizing financial services for Africans. This collaboration highlights the commitment of both Y Combinator alumni to leveraging cutting-edge technology for financial security and empowerment.

Cleva, renowned for its intuitive platform that provides USD banking to African  freelancers and businesses, is taking a significant step forward in its mission by incorporating Flagright's advanced AML and fraud prevention technologies. This partnership is poised to set a new standard for security and convenience in financial services, aligning with the evolving needs and expectations of today’s consumers and businesses.

Tolu Alabi, Co-founder & CEO of Cleva, shared her perspective on the collaboration: "Partnering with Flagright is a pivotal move for Cleva in our quest to redefine financial services. As fellow YC alumni, we share a foundational belief in the power of technology to solve complex problems. Flagright’s state-of-the-art security solutions will greatly enhance our ability to protect our customers' transactions and personal information, intelligently identify unusual transactions, and foster trust in our platform.

Flagright's AI-native and user-friendly, no-code interface will enable Cleva to seamlessly integrate comprehensive AML compliance and fraud prevention measures, underscoring the dedication of both companies to delivering secure and innovative financial solutions.

Baran Ozkan, Co-founder and CEO of Flagright, commented, "We are thrilled to partner with Cleva, a fellow YC company, in their journey to transform financial services. Our collaboration is a testament to our shared vision of making financial transactions more secure and accessible. We look forward to supporting Cleva’s innovative approach with our robust security measures, contributing to a safer and more efficient financial ecosystem."

About Flagright

Flagright is a leader in providing AI-native AML compliance and fraud prevention solutions globally, helping fintechs and banks combat financial crimes and secure transactions. Its comprehensive suite features real-time transaction monitoring, case management, sanctions screening, customer risk assessment, and more, all accessible through an easy-to-use, no-code platform.

About Cleva

Cleva is a cutting-edge financial technology platform that enables African freelancers and businesses to get paid in USD and manage their money in USD. As a Y Combinator-backed company, Cleva is committed to using technology to provide innovative, secure, and user-friendly financial solutions, to enable prosperity for Africans across the world.

Learn more about Cleva here: Cleva.