Amongst the investors were Mercia Technologies PLC and the Development Bank of Wales. The funding builds on a good year for W2 and it will help the company to further expand its sales and marketing efforts as well as extend its global reach.
W2 offers customers the ability to streamline customer acquisition and manage regulatory risk by performing real-time identity verification, anti-money laundering, and anti-fraud checks against consumers and corporates on an international scale.
The company targets companies in the regulated, government, and business community across the globe, and is primarily focused on selling to the gaming, payments, and foreign exchange markets on multi-year revenue contracts.
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