WorkFusion

WorkFusion

AI digital workforce solutions for compliance

About WorkFusion

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

Industries

AI & Machine Learning

Financial Services

Company Size

201-500

Company Stage

Series F

Total Funding

$343.6M

Headquarters

New York City, New York

Founded

2010

Overview

WorkFusion offers AI digital workforce solutions that automate complex job roles in the banking and financial services sectors, focusing on tasks like anti-money laundering (AML) and Know Your Customer (KYC) processes. Their pre-built AI Digital Workers collaborate with human employees to handle repetitive tasks, allowing staff to focus on higher-value work. The company also provides a no-code platform, Work.AI, which enables businesses to create customized AI Digital Workers that integrate AI and machine learning for complete job automation. WorkFusion aims to enhance compliance, reduce costs, and improve employee and customer experiences through effective automation.

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Simplify's Take

What believers are saying

  • Growing demand for AI compliance solutions boosts WorkFusion's market attractiveness.
  • Partnerships with firms like Thomson Reuters expand WorkFusion's market reach.
  • Recognition as a leader in industry assessments enhances WorkFusion's reputation.

What critics are saying

  • Emerging AI startups may offer similar solutions at lower costs.
  • Over-reliance on the financial sector exposes WorkFusion to sector-specific risks.
  • Rapid AI advancements require costly updates to maintain competitiveness.

What makes WorkFusion unique

  • WorkFusion's AI Digital Workers are pre-built, reducing setup time for businesses.
  • The Work.AI platform allows non-technical users to create AI solutions easily.
  • WorkFusion focuses on financial crime compliance, a niche with high regulatory demand.

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Funding

Total Funding

$343.6M

Above

Industry Average

Funded Over

7 Rounds

Series F funding comparison data is currently unavailable. We're working to provide this information soon!
Series F Funding Comparison
Coming Soon

Benefits

Comprehensive health coverage

Home office and communications reimbursements

Employee financial assistance programs

Growth & Insights and Company News

Headcount

6 month growth

↓ -1%

1 year growth

↑ 0%

2 year growth

↓ -2%
PR Newswire
Apr 30th, 2025
Workfusion Named A Leader In Everest Group'S Peak Matrix® For Idp For Seventh Straight Year

WorkFusion once again recognized as a Leader in both IDP and in the Banking-specific IDP Products PEAK Matrix® Assessment, underscoring the market impact of WorkFusion AI Agents and their ability to effectively automate complex document processingNEW YORK, April 30, 2025 /PRNewswire/ -- WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), today announced that it has, for the seventh consecutive year, been named a Leader in Everest Group's Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment for 2025. It has also been recognized as a Leader for the second year in a row in the Banking-specific IDP Products PEAK Matrix® Assessment 2025. The PEAK Matrix® Assessments consider vendors based on market impact, vision capability

PR Newswire
Mar 27th, 2025
Workfusion Recognized As A Category Award Winner In The Chartis Financial Crime And Compliance50 2025

Recognition as a leader in financial crime compliance, plus being named a category winner, underscore the value WorkFusion delivers to banks and financial institutionsNEW YORK, March 27, 2025 /PRNewswire/ -- WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), today announced that it has been recognized as a significant financial crime compliance technology leader in the Chartis Financial Crime and Compliance50 2025 Awards and Ranking. In addition, Chartis has named WorkFusion the Category Award Winner for Workflow Automation.Chartis is a research and advisory firm that supports tech vendors and financial services firms in the areas of risk, compliance and RegTech."WorkFusion's unique and innovative approach to financial crime detection and automation is yielding impressive results," said Nick Vitchev, Research Director at Chartis. "Its application of AI agents, futuristic yet highly practical, can help organizations overcome the bottlenecks created by inefficient processes."WorkFusion CEO Adam Famularo said, "Three years ago we set out to help modernize financial crime compliance with purpose-built AI Agents to do the mundane and error-prone work of Level 1 analysts. This recognition from Chartis demonstrates our continued leadership in helping banks and financial institutions improve operational efficiency with AI Agents to increase staff capacity, reduce outsourcing/contractor costs, ensure consistency/quality of reviews, and improve compliance posture."WorkFusion's leadership in providing banks and FIs with AI Agents that ease the burden of FCC compliance continues to gain recognition among technology and financial industry experts. Additional expert assessments that have recognized WorkFusion's solutions prowess include being named a Category Leader in the Chartis RiskTech Quadrant® for KYC Solutions 2024 and recognized as a Leader in Everest Group's Banking-specific IDP Products PEAK Matrix® Assessment 2024.Chartis assessed the WorkFusion platform as well as the WorkFusion AI Agents for FCC, by reviewing and analyzing in-depth product information, live demonstrations of WorkFusion AI Agents for FCC in action and interviews with WorkFusion product experts.About WorkFusionWorkFusion is a pioneer in AI agents for financial crime compliance (FCC). Its AI Agents are purpose-built workers that augment compliance teams in Level 1 analyst functions for anti-money laundering (AML), adverse media monitoring, sanctions screening alert review, Know Your Customer (KYC), and transaction monitoring investigations (TM)

PR Newswire
Nov 4th, 2024
WorkFusion Appoints David Caruso as Vice President of Financial Crime Compliance

NEW YORK, Nov. 4, 2024 /PRNewswire/ - WorkFusion, a pioneer in AI agents for financial crime compliance, today announced the appointment of David Caruso as Vice President of Financial Crime Compliance.

PR Newswire
Nov 1st, 2024
WorkFusion Named a Category Leader in the Chartis RiskTech Quadrant(R) for KYC Solutions

NEW YORK, Nov. 1, 2024 /PRNewswire/ - WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), today announced that it has been named a Category Leader in the Chartis RiskTech Quadrant(R) for KYC Data and Solutions, 2024.

GCC Business News
Sep 12th, 2024
WorkFusion and Advanced Financial Solutions forge partnership

WorkFusion, a leading regtech company, has partnered with Advanced Financial Solutions, a company within the MDS SI Group.

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