Themis, a pioneer in the use of AI in the fight against financial crime and a certified B-Corp, today announces the acquisition of leading agentic AI fraud monitoring company Pasabi.
The transaction, recently approved under the UK Home Office National Security and Investment Act 2021, brings advanced AI technology and proven fraud combatting expertise into Themis, accelerating its product roadmap by several years. The acquisition embeds Pasabi’s Fraud Prevention platform into the Themis ecosystem. Themis’ platform now leverages AI, machine learning & behavioural analytics to combat fraud as well as all other forms of financial crime
Founded in 2017, Pasabi employs teams across the UK and Europe. The integration has already taken place, seamlessly, reflecting the two firms’ cultural alignment and shared mission to reduce the global impacts of financial crime. The deal was supported by Quadri Ventures, a venture capital firm investing in enterprise software companies globally.
With this acquisition, Themis immediately strengthens its AI first capabilities, bringing deep AI & financial crime expertise to the market, and its customer value proposition beyond its award-winning AML & CFT screening, investigations and monitoring platform to also now cover fraud detection, social media monitoring and transaction monitoring.
This announcement follows a suite of innovative product launches, including a KYC Customer Risk Calculator tool and end to end onboarding platform as well as the world’s first specialist LLM tackling financial crime: The Themis AI Investigator – unveiled at ADGM this September.
"Our mission has always been clear: to reduce the global impacts of financial crime,” said Dickon Johnstone, CEO of Themis. “This acquisition turbocharges that mission. By embedding AI at the core of our platform, we’re making it harder than ever for criminals to hide, and easier than ever for businesses to protect themselves and society. We are building the future of compliance – one that works for everyone."
Chris James, Managing Partner of Quadri Ventures, commented:
“Themis has emerged as a leader in AI-driven financial crime prevention, combining deep expertise with strong and accelerating enterprise adoption. We are proud to back this acquisition, which significantly advances their fraud monitoring and behavioural analytics capabilities, and we look forward to supporting their next stage of growth.”
Commenting on the acquisition, Chris Downie, CEO and co-founder of Pasabi, said:
“We’re thrilled to become part of Themis. Not only are we culturally aligned, with a shared devotion to combating fraud and financial crime, our platform is a perfect complement to Themis’ leading ecosystem. Advances in AI have changed the game and, if deployed well, are tipping the balance in favour of the crime fighters. Our proprietary fraud detection platform, deploying AI agents to be perpetually scanning for suspicious activity, combined with Themis’ proven leading suite of due diligence and AFC tools, will help businesses, NGOs and governments to protect themselves and their customers from criminal activity like never before.”
Themis is a pioneer in the use of AI in the fight against Financial Crimes. A certified B-Corp dedicated to stopping the deliberate exploitation of people, businesses and the natural world. Themis works with clients globally across regulated and unregulated sectors. Its flagship platform, Themis Search, combines advanced AI with investigative intelligence to make financial crime detection more effective, accessible and impactful.
Pasabi’s AI Fraud Prevention Platform enables marketplaces, platforms, financial services and insurance companies to automate the detection of multiple fraud risks. Using behavioral analytics, AI fraud agents and clustering technology Pasabi identifies fake accounts, counterfeit, fake reviews, spam and scams and the fraudsters driving them. Focusing on analyzing behavior over content, Pasabi keeps up with the evolving tactics of fraudsters who use AI tools and other sophisticated techniques to scam and defraud businesses and users.
Quadri Ventures is a venture capital firm with a growth strategy, investing in enterprise software companies globally, with a focus on the US, UK and Europe. Headquartered in New York and London, Quadri primarily invests at Series A and B, helping companies scale globally through enterprise distribution networks and collaborations with leading technology providers.
