South Wales Fintech Company W2 Global Data Raises £1.25M

W2 Global Data, a Newport, South Wales, UK-based fintech company, closed a £1.25m funding round.

Backers included Mercia Fund Managers, Development Bank of Wales and TTI Angels.

The funding round, which follows an initial investment by Mercia and the development bank in 2017 and brings the total amount raised by the company to over £3.0m, will be used to recruit a further 20 staff.

Founded in 2011 by Warren Russell, CEO, W2 Global Data provides software-as-a-service (SaaS) tools allow payment and financial services companies to screen clients and managers, online retailers to verify the identity of purchasers in card transactions and online gaming firms to check the age of players.



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