Salv secures a €1.5 million investment led by Superangel to expand its collaborative anti-money laundering pilot, AML Bridge, from Estonia into multiple European countries.

Target Information

Salv is an emerging Estonian startup focused on enhancing anti-money laundering (AML) measures within the banking sector. Its innovative AML Bridge pilot project was recently launched in Estonia, collaborating with major local banks such as LHV, Luminor, SEB Estonia, and Swedbank Estonia. The goal of this initiative is to promote cooperative crime-fighting and establish a new standard for AML practices across European financial institutions.

The pilot leverages Privacy Enhancing Technology (PET) to ensure secure and compliant data sharing that adheres to regulatory and data privacy laws in the European Union. If successful, this pilot could serve as a template for scalable AML solutions throughout Europe, with potential expansion into additional markets, including Latvia, Lithuania, and the United Kingdom.

Industry Overview in Estonia

Estonia's banking industry, known for its advanced digital infrastructure and innovative regulation, has faced challenges related to money laundering in recent years. These issues have prompted heightened scrutiny and a