Unit21 is a risk and fraud detection platform that helps organizations protect against money laundering, fraud, and other sophisticated threats across various industries. Through its simple API and dashboard, Unit21 enables businesses to detect, investigate, and manage financial crimes with greater efficiency and flexibility.
Unit21's primary offering centers on providing tools for transaction monitoring, case management, and suspicious activity reporting. The platform is designed to empower compliance and risk teams by allowing them to create custom rules and workflows without heavy engineering involvement. This flexibility supports a wide range of use cases, from traditional banking to fintech, digital assets, and payments.
A key differentiator for Unit21 is its no-code approach, enabling non-technical users to quickly adapt detection strategies as threats evolve. With coverage for multiple industries, Unit21 addresses the increasing need for agile and scalable risk management solutions in a rapidly changing financial landscape.
Who Uses Unit21?
Unit21 primarily serves businesses that require robust compliance and fraud prevention capabilities, including banks, fintech companies, payment processors, and cryptocurrency platforms. Notable customers include:
- Service CU
- World Remit
- Lili
- Patriot Bank
- Bitgo
- sFOX
- Central Payments
- Gusto
- Orum
- Flutterwave
- Galaxy Digital
- OKX
- MS Fuel Card
- Line
- Intuit
- Envel
- Bakkt
- Coinbase
- Flywire
- Visa
- Wyre
- Directions Credit Union
- Sallie Mae
- Piermont Bank
- Wealthsimple
- Bill
- Chime
- Dave
- Third Coast Bank
- Stout
This diverse customer base illustrates Unit21's reach across both traditional and emerging financial sectors.
How Was Unit21 Started?
Unit21 was founded by a team with expertise in technology, product, fraud risk, and regulatory compliance. The founding team includes Trisha Kothari (Co-Founder and CEO), Michael Yue (CTO), Kunal Datta (Head of Product), Alex Faivusovich (Head of Fraud Risk), Emily Garza (Head of Customer Engagement), Matthew Lifshotz (Head of Partnerships), and Neda Shapourian (General Counsel). Their combined backgrounds in software, risk management, and customer engagement have shaped Unit21's platform to address real-world compliance and fraud challenges effectively. You can learn more about their team and mission on their About page.
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