Compliance tech firm Detected raises £1.5m

UK-based compliance technology firm Detected has raised £1.5 million.

Detected, founded in July 2020, provides ‘Know Your Business’ (KYB) technology which allows users to search registered businesses internationally.

The round was led by London-based investment firm Love Ventures, which has investments in FinTech, PropTech, and consumer technology

This brings the FinTech’s total funding raised to date to £2 million and comes after the firm raised £250,000 in October 2020.

“We can find any legitimate company in the world instantly,” said Liam Chennells, chief executive officer at Detected. “KYB is currently seen as an operational hurdle when it should be an asset, and our technology is steering that shift.

“Detected gives businesses full visibility of any entity they want to work with, significantly reducing the friction involved in onboarding suppliers.”

He added: “In that way, it can help stimulate business activity, especially when working with clients, suppliers or partners in emerging markets.”

    Share Story:

Recent Stories


New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.