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Sigma Ratings, the world's first non-credit risk ratings agency, closes $2.4 million Series Seed

Sigma Ratings, the world's first non-credit risk ratings agency, announced that it has closed a $2.4 million Series Seed funding round to support their goal of becoming the "ratings company of the future".  The round was led by New York-based FinTech Collective and also included investment from TechStars.

Unlike traditional rating companies, Sigma Ratings is focused on emerging markets and provides novel, dynamic, entity-level conduct risk analytics that are not available anywhere else. By collecting and quantifying specific operational risk data around compliance, governance and other non-credit risk factors, Sigma Ratings helps its growing client base massively improve their ability to assess and monitor important counterparty risk elements.  Its ratings also provide a mechanism for emerging market financial institutions to highlight efforts to manage risk, allowing them to differentiate and create new business relationships.

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aml, kyc, terrorist financing