"After working on the compliance team at the stablecoin infrastructure company Paxos, Lawrence decided to ride the generative AI wave and enter one of the first Y Combinator batches after the launch of ChatGPT. His thesis was that anti-money laundering and know-your-customer compliance operations would be one of the breakout use cases for applying AI to financial services. Lawrence's bet turned out to be prescient."
"Early in his career, Will Lawrence worked on the product team at Facebook focused on anti-money laundering. The former PayPal president David Marcus had been brought in to help kickstart the payments initiatives company-wide, including through WhatsApp launches in India and Brazil. But Lawrence quickly learned that the main roadblock was the decidedly unsexy compliance work of making sure the product was adhering to local "know your customer" provisions and fraud prevention."
Will Lawrence began on Facebook's product team focused on anti-money laundering and confronted compliance obstacles around local KYC provisions and fraud prevention. He worked on compliance at stablecoin infrastructure company Paxos before founding Bretton AI after the launch of ChatGPT, basing the startup on applying generative AI to AML and KYC operations. Bretton focuses on risk remediation—the complex investigations into parties behind suspicious transactions and compliance with internal risk policies—which basic risk reduction can be addressed with simpler machine learning. Bretton raised $75M in a Series B led by Sapphire Ventures with participation from Greylock, Thomson Reuters Ventures, and Citi Ventures.
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