WorldWatch Plus, Inc., a Atlanta, GA and Tampa, FL-based Know Your Customer Risk (KYC Risk) and KYC Identity (KYC ID) risk screening company, raised $2.9m in Series A financing.
The round was led by Naples Technology Ventures with participation from existing investors, including a group of individual technology angel investors.
The company intends to use the funds to continue to expand operations and its business reach.
WorldWatch Plus is a Know Your Customer Risk (KYC Risk) and KYC Identity (KYC ID) risk screening company that leverages Cognitive Artificial Intelligence (AI), Machine Learning (ML), and advanced Natural Language Processing (NLP). The WorldWatch Plus platform automatically gathers information from thousands of sources around the world and leverages proprietary technology for identifying “risky entities”, whether companies or individuals, and makes that information available via API to customers in multiple markets. At its core there is the Global Risk Information eXchange (GRIX), a proprietary platform which uses advanced technologies to identify “risky entities” (individuals or companies) according to each client’s risk tolerance profile.
During the latest months, the company saw a rapidly growing use by a roster of global clients, key executive and advisory board appointments, and market momentum in the areas of KYC applications such as Anti-Money-Laundering (AML), Counter-Financing of Terrorism (CFT) and prevention of human trafficking funding, and digital customer on-boarding.