Notabene

Notabene

Travel Rule compliance for VASPs

Overview

Notabene provides an end-to-end compliance platform for Travel Rule requirements, helping Virtual Asset Service Providers (VASPs) and financial institutions ensure information is correctly passed between counterparties during funds transfers. The product works by enabling counterparty verification and risk screening across transactions; it can simulate various transfer scenarios to test compliance processes and identify high-risk activities before they occur. Unlike some competitors who offer partial solutions, Notabene focuses specifically on Travel Rule compliance for VASPs and regulated entities, emphasizing data privacy, security, and scalable operational workflows to meet FATF Travel Rule standards and MAS regulations. The company’s goal is to help clients meet regulatory obligations, prevent high-risk transactions, and improve efficiency in compliance operations for digital asset transfers.

YC Company

About Notabene

Simplify's Rating
Why Notabene is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

Financial Services

Company Size

51-200

Company Stage

Series B

Total Funding

$26.6M

Headquarters

New York City, New York

Founded

2020

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Simplify's Take

What believers are saying

  • EU Travel Rule Guidelines standardization reduces fragmentation, enabling efficient European market scaling.
  • Crypto-traditional finance convergence through AMINA Bank partnership expands addressable market beyond VASPs.
  • Strategic RegTech partnerships bundling AML/CFT expertise increase customer lifetime value and cross-sell.

What critics are saying

  • 100% VASP Travel Rule compliance by end-2025 commoditizes core features, compressing margins.
  • Top-3 clients likely represent 60%+ revenue; loss triggers 20-30% revenue decline.
  • JPMorgan, Goldman Sachs building in-house Travel Rule stacks displace Notabene from enterprise deals.

What makes Notabene unique

  • Only end-to-end Travel Rule solution supporting multi-protocol compliance across 2,200+ institutions.
  • Network effects from $2 trillion processed volume create switching costs for competitors.
  • Post-settlement Revert product addresses EU Transfer of Funds Regulation enforcement gap uniquely.

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Funding

Total Funding

$26.6M

Below

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Flexible Remote Work

$1000 WFH Stipend

Unlimited PTO

Remote Work Options

Health Insurance

401(k) Retirement Plan

401(k) Company Match

MacBook Pro

Wellness Program

Mental Health Support

Phone/Internet Stipend

Home Office Stipend

Hybrid Work Options

Paid Vacation

Paid Holidays

Family Planning Benefits

Fertility Treatment Support

Stock Options

Company Equity

Conference Attendance Budget

Professional Development Budget

Training Programs

Tuition Reimbursement

Professional Certification Support

Mentorship Program

Wellness Program

Gym Membership

Commuter Benefits

Adoption Assistance

Adoption Benefit

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-2%
CoinPasar
Feb 10th, 2026
Notabene Partners With AMINA Bank AG For Crypto

Notabene Partners With AMINA Bank AG for crypto. * Home * Web3 * Notabene Partners With AMINA B... Notabene and AMINA Bank are addressing Travel Rule requirements across crypto-native infrastructure and regulated banking environments. Transaction platform Notabene has partnered with AMINA Bank AG to advance transactions fro crypto and traditional finance. Within the partnership, Notabene's platform enables secure information exchange and transaction transparency while AMINA Bank provides banking services across traditional financial and digital assets. Through this integration, AMINA Bank can now extend a more streamlined and automated experience for Travel Rule compliance. Myles Harrison, Chief Product Officer at AMINA Bank, said: "Integrating Notabene's technology allows us to provide a more streamlined compliance framework that reduces operational friction, allowing clients to transact between crypto and traditional finance with ease." Pelle Braendgaard, CEO of Notabene, said: "AMINA is able to leverage the Notabene platform as a system of record for seamless, trusted transactions as these markets continue to converge."

The Paypers
May 1st, 2025
Notabene Report Reveals Crypto Companies Now Compliant With Travel Rule

US-based compliance infrastructure provider Notabene has rolled out its annual report, showcasing the industry moving towards compliance with the Travel Rule. In its annual ‘State of Crypto Travel Rule: 2025 Report’, Notabene surveyed data from 91 Virtual Asset Service Providers (VASPs) and 10 regulatory bodies, with its findings indicating that all companies plan to become Travel Rule compliant by the end of 2025. Additionally, the report underlines that approximately nine in ten are expected to meet requirements in the first half of the year, in turn suggesting a broad move toward regulatory compliance. The Travel Rule requires financial institutions to share specific information about their customers when transferring funds over a certain amount to another entity. Custodian crypto exchanges are mandated to fulfil this regulatory demand. Notabene’s findings

Cision
Nov 12th, 2024
Notabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments

/CNW/ -- Notabene, a leading provider of cryptocurrency compliance solutions, today announced it has raised $14.5 million in a Series B funding round led by...

CoinDesk
Nov 12th, 2024
Notabene Raises $14.5M for Compliance

Notabene, a crypto anti-money laundering specialist, has raised $14.5 million. The company highlights that new EU regulations will require companies to report if they lack travel information from large, unregulated offshore exchanges. This move aims to enhance global compliance, indicating that the EU's rules are designed to have a worldwide impact.

CoinDesk
Nov 12th, 2024
Crypto Anti-Money Laundering Specialist Notabene Raises $14.5M

Notabene, a startup that helps cryptocurrency trading firms comply with anti-money laundering (AML) rules, has raised $14.5 million Series B funding led by DRW Venture Capital, with participation from funds managed by Apollo, Nextblock, ParaFi Capital, and Wintermute.

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