Sageworks Secures $2M in Angel Funding, Ushering in Abrigo’s Next Chapter in Risk Management Innovation

We are excited to announce that Sageworks has secured $2,000,000 in its latest funding round, a vital milestone that reinforces our commitment to innovation and exceptional service in the financial technology space. As many of you know, our journey has been one of transformation and growth. Along with MST, we were acquired by Banker’s Toolbox—a leading provider of anti-money laundering and fraud prevention software—in the first half of 2018. This strategic acquisition set the stage for a new era, culminating in the unification of our expertise and vision under the Abrigo brand in 2019. Today, Abrigo stands at the forefront of technology solutions in compliance, credit risk, and lending. Our robust software platform automates complex processes ranging from anti-money laundering and fraud detection to streamlined lending solutions, ensuring that community financial institutions can manage risk and drive growth with confidence and ease. With this new investment, we are poised to further enhance our offerings by accelerating product development, incorporating advanced machine learning techniques, and expanding our reach into the evolving financial landscape. The funding will enable us to deepen our research and development efforts, further solidifying our position as a trusted partner to banks and credit institutions striving for outstanding risk management and regulatory compliance. We believe that these enhancements will not only empower our customers by addressing their Enterprise Risk Management needs but also contribute significantly to their overall operational efficiency and growth strategies. To learn more about our innovative solutions and the future of financial risk management, please visit www.abrigo.com. We thank our investors and the broader community for their continued support as we work towards building a safer, smarter financial ecosystem.