Sentinels
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Sentinels was an Amsterdam-based AI transaction monitoring startup founded in 2019 by Joost van Houten as a spin-out of the Slimmer AI venture studio. Its cloud-based SaaS platform used machine learning to help financial institutions and fintechs detect money laundering and financial crime in real time, counting payments unicorn Mollie among its customers.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
Joost van Houten founds Sentinels in Amsterdam as a spin-out of Slimmer AI, building an AI-powered transaction monitoring platform for AML compliance.
- Funding round
Sentinels closes a 5.7 million euro seed round led by INKEF Capital to support product development.
- Acquisition
Irish regtech Fenergo acquires Sentinels in April 2022 for an undisclosed sum; Fenergo launches a combined SaaS transaction monitoring tool one year later.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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