Memento, a Concord, Mass.-based company that develops systems to protect companies from the evils of insider stock tradings, has raised $10 million in fourth round of funding from Bain Capital Ventures, Rock Maple Ventures and 406 Ventures. Prior to this round the company had raised around $12 million in VC funding.
Memento develops systems to protect companies and their investors from frauds done by trusted insiders, criminal outsiders, and others. It does so by developing systems that detect and notify about Insider Trading Issues, Deposit Account Frauds, Regulatory Non Conformance and Enterprise Fraud.
[via PE Hub]
