Salv, a regtech startup founded by a group of former Wise and Skype employees, has raised €4 million in an expansion round led by ffVC and with participation from G+D Ventures.

Salv Bridge is a real-time crime-fighting collaboration platform that uses the collective power of the network to reduce non-compliance and financial crime.

The GDPR-compliant platform enables collaborative investigations between financial institutions by opening a direct line of communication – allowing them to exchange and supplement data about potential threats.

According to Salv, this helps network members resolve fraud cases in minutes, not days. To date, FS companies in the network have prevented between 6 and 7 million euros from accessing accounts controlled by criminals.