Source: Business Cloud
The London company – which topped our innovation ranking of companies building solutions for regulation and compliance last year – has built a ‘know your business’ compliance API for trusted onboarding of businesses, customers and merchants.
The latest round included investment from existing investors Thomson Reuters Ventures, Love Ventures and industry angels. It takes its seed round to more than $10m.
“This investment round further confirms our continued progress and sets us up for the next phase of our growth as we deepen relationships with enterprise clients and rapidly increase the volume of payments businesses we work with,” said Liam Chennells, co-founder and CEO.
“We’re reinvesting in Detected because we have a strong belief in the company’s long-term potential,” said Tamara Steffens, managing director, Thomson Reuters Ventures. “As customers, we have seen first-hand the impact the technology has, and we’re excited about the momentum that Detected has developed in the market.”
Read full article: https://businesscloud.co.uk/news/regtech-50-leader-detected-tops-up-seed-round/
