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Detect raises GBP 250,000 in pre-seed funding round

Monday 19 October 2020 13:45 CET | News

UK-based regtech Detected has closed its pre-seed funding round at GBP 250,000.

According to businesscloud.co.uk, the first tranche of funding has been raised from angel investors including Rob Barnett, former COO at RBS and current Managing Director of Southern Water; Craig Sears-Black, former MD of Manhattan Associates and current CEO of EV Cargo, and Carl Hartmann, former co-founder and CEO of Temando, now Lyre’s Spirit Co.

The first wave of funding will be used to further develop the platform ahead of its launch in December 2020.

The company’s customers range from B2B marketplaces and B2B marketplace software providers through to FTSE listed corporate entities.

Detected provides a business verification platform that uses a collection of data points to automatically confirm a buyer or seller’s identity, location, solvency, and capability. The company’s platform integrates into existing marketplaces, business process or procurement system.


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Keywords: Detected, UK, regtech, funding, fund raiser, marketplace, procurement
Categories: Payments & Commerce | Digital Identity, Security & Online Fraud
Countries: United Kingdom
This article is part of category

Payments & Commerce