Elliptic raises £88.7m to expand on-chain analytics for real-time risk monitoring
This article covers Elliptic, a fintech startup, which has closed a growth funding round of £88.7m to expand its on-chain analytics and compliance platform for banks, exchanges, payment firms and regulators. The funding aims to scale tools for real-time transaction screening and forensic monitoring to support institutional adoption of stablecoins and tokenised assets.
Elliptic, a fintech startup, has closed a growth funding round of £88.7m to expand its on-chain analytics and compliance platform for banks, exchanges, payment firms and regulators. The raise comes as institutions push stablecoins and tokenised assets into core finance operations, increasing demand for real-time risk monitoring and forensic tools.
Why it matters
Traditional financial institutions are moving onto digital asset rails, creating new compliance challenges at scale. Firms must monitor transactions across multiple blockchains, flag illicit activity quickly and keep investigation costs under control. Elliptic positions itself as a provider of that infrastructure: its tools aim to let institutions screen activity in real time and focus human investigators where they are most needed.
The funding is notable because it arrives amid heightened regulatory scrutiny across the UK, Europe and the US. If the market for tokenised assets grows as expected, the ability to operationalise blockchain analytics will be a gating factor for widespread institutional adoption.
Inside the product
Elliptic’s platform combines datasets and software for due diligence, transaction screening, monitoring and cross-chain investigations. Company claims and figures to note:
- Proprietary data collected since 2013, covering more than 65 blockchains.
- Platform processes over 1 billion transactions a week for some 700+ customers in about 30 countries.
- Product set includes entity and VASP screening, wallet and transaction screening, automated monitoring and single-click cross-chain investigations.
- A recently promoted “AI-native” approach (first deployed at scale in 2025) is presented as a way to automate triage and reduce time spent on routine alerts.
Elliptic also offers stablecoin-specific tooling such as issuer due diligence and ecosystem monitoring, alongside integrations intended for exchanges, network operators and payment firms. The company says the combination of labelled data and programmatic tracing is designed to cut the cost per investigation as volume grows.
Who are the investors?
The round will fund further product development and scale of operations. The company reports a post-money valuation of £495m.
In the announcement, Gary Offner, Senior Vice President, Head of Nasdaq Ventures, said:
As digital assets become more embedded in the global financial system, institutions need trusted infrastructure to manage compliance and risk at scale. Elliptic’s platform plays an important role in providing that infrastructure, helping firms navigate digital asset adoption with confidence and integrity.
In the announcement, Sabih Behzad, Global Head of Digital Assets & Currencies Transformation, Deutsche Bank, said:
The sustainable growth of digital assets depends on strong, institutional-grade risk and compliance foundations. For Deutsche Bank, these frameworks are critical to supporting the responsible development of the digital asset ecosystem and reinforcing trust as the market evolves. Our investment in Elliptic reflects our focus on strengthening these foundations.
In the announcement, Charlotte Lawrence, Managing Director of Direct Equity, British Business Bank, said:
As institutional adoption of digital assets accelerates, the demand for scalable compliance solutions has never been higher. Elliptic pioneered the use of blockchain analytics to meet this challenge and has cemented its status as a global leader, screening over 1 billion transactions a week for 700+ customers in 30 countries. This investment also proves the British Growth Partnership is doing exactly what it was built to do: unlocking the explosive growth of UK technology scale-ups to deliver long term value for our pension funds.
In the announcement, Humbert de Liedekerke Beaufort, Founding Partner, One Peak, said:
One Peak invests in category leaders and the signal we trust most is what customers say. We spoke to leading institutions from across all segments of the market, and they spoke with one voice: Elliptic is the leader in digital asset compliance, built on the industry’s most robust proprietary data, and it’s that data advantage that makes their AI genuinely market leading. Elliptic is the essential infrastructure for how stablecoins and tokenized assets move through the global financial system. That customer verdict is what drove our investment.
If you're researching potential backers in this space:
- Explore our list of fintech venture capital firms in the UK
- Browse our directory of fintech angel investors in the UK
Founder perspective
In the announcement, Simone Maini, CEO of Elliptic, said:
Financial systems are being rebuilt on-chain. The institutions leading that transition need an on-chain analytics partner that matches their scale, their sophistication, and their ambition. The participation of Nasdaq Ventures, Deutsche Bank, One Peak and the British Business Bank, and the continued confidence of AlbionVC, Evolution Equity Partners and J.P. Morgan is a clear signal of their belief in us as market leaders. We built Elliptic for exactly this moment, and this funding lets us move faster to meet it.
Maini’s framing connects the product roadmap to a broader shift: as more value moves on-chain, firms will require continuous monitoring and tools that prioritise human review. The company positions its decade-plus dataset and labelled intelligence as the foundation for those features.
The bigger picture
The deal underscores two trends in fintech: institutional investors are backing infrastructure that helps traditional finance operate with digital assets, and regulatory expectations are pushing firms toward providers that can deliver auditable, enterprise-grade compliance. Elliptic’s customers include exchanges, banks, network operators and law enforcement, which illustrates the cross-sector demand for blockchain intelligence.
For UK and European markets, the participation of the British Business Bank reflects public interest in supporting homegrown providers that can compete on data and technology. More broadly, the round signals continued appetite among fintech investors to fund firms that bridge crypto-native activity and regulated finance.
The financing should accelerate product development and international expansion, but it also raises questions about competition, data quality and how regulatory regimes will shape product requirements. Observers will be watching whether rivals can match Elliptic’s dataset depth and how regulators in the UK and EU translate supervision into technical standards for on-chain monitoring.
This story is part of a broader shift in the fintech ecosystem as Europe and the UK adapt regulation and infrastructure to accommodate tokenised assets and stablecoins. Continued investment in compliance tooling will be a key indicator of how quickly traditional players move on chain.
They've invested in Elliptic
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| Investor | Sector | Stage | Activity | Team | Connect |
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 Deutsche Bank | 6 investments investments | more info | |||
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 British Business Bank | 78 investments investments | 7 contacts contacts | |||
 AlbionVC | 63 investments investments | 6 contacts contacts | |||
 Evolution Equity Partners | 3 investments investments | more info | |||
 J.P. Morgan | 6 investments investments | more info |
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