Synalogik Raises £3M in Series A Funding

Synalogik

Synalogik, a London, UK-based provider of a data automation platform allows organizations to aggregate data, identify risk and create reports, raised more than £3m in a Series A funding round.

The round was led by Bill Currie, founder of retail, ecommerce and tech investment fund, the William Currie Group and Sir Terry Leahy, former CEO of Tesco.

The company intends to use the funds to scale its Scout solution across different markets and territories and to expedite the launch of additional solutions that have been in development over the past 18 months. These solutions will widen the application of its data aggregation, risk identification and decision intelligence capabilities.

Led by Gareth Mussell, CEO, Synalogik delivers innovative solutions that automate intelligence and investigation processes to improve the way criminality, fraud & risk is identified, investigated and detected, providing a financial and strategic advantage to its global client base.

Scout is a platform that enables organisations to automate data aggregation from multiple disparate sources, identify risk and report findings in seconds. It supports users with regulatory compliance, anti-money laundering and fraud investigation.

The company is currently providing SaaS platforms and consultancy services into the following sectors: law enforcement, banking, gambling, insurance and legal, among others.

The company, whose clients range across gambling, insurance, banking, legal and the public sector include Entain, Betway, Vitality and NatWest, will also invest in its people, research and development with plans to double the size of its engineering team and enhance its dedicated customer support department over the coming months.

FinSMEs

24/01/2022