International Screening Solutions, a Kennesaw, GA-based provider of a global know your customer (KYC) / customer due diligence (CDD) solution, closed a $1.5m funding round.
The round was led by Tom Cardy, an angel investor and ISS Board Member, and Naples Technology Ventures (NTV), a Florida-based Venture Capital firm.
The company intends to use the funds to accelerate sales, marketing, and product development.
Founded in 2007 by CEO Chuck Papageorgiou, International Screening Solutions serves background screening and due diligence firms, financial institutions, FinTech companies, insurance, and other corporate clients requiring global sanctions, PEP, adverse media and ID verifications services. Its flagship product, WorldWatch Plus, is a proprietary screening tool that searches data from thousands of sources in fractions of a second for anti-money laundering (AML) and know your customer (KYC) programs.
Investment in sales and marketing will allow further expansion in the US, Europe and Asia. Market applications include gaming, crypto-currency exchanges, and various customer onboarding scenarios.