National Bank of Canada Leads Sardine's $25M Series C and Multi-Year Partnership
National Bank of Canada led a $25 million Series C extension round in Sardine, an agentic risk platform focused on financial crime prevention. The investment was made through NAventures, the bank's corporate venture capital arm, and brings Sardine's total funding to $170 million. Alongside the funding, the bank signed a multi-year partnership to deploy Sardine's device intelligence and real-time risk scoring across its retail, commercial, and wealth solutions.
The deal followed a live evaluation in which Sardine improved fraud detection and reduced false positives. National Bank of Canada is one of Canada's six systemically important banks, serving roughly 2.7 million clients globally with $606 billion in assets. Sardine counts FIS, Intuit, Edward Jones, and Checkout.com among its existing customers.
- Validates the invest-and-deploy model where banks combine venture funding with operational partnerships
- Signals growing bank demand for AI-driven financial crime platforms as regulatory scrutiny intensifies