Encompass, a London, UK-based provider of intelligently automated Know Your Customer (KYC) solutions, raised $33M in funding.
The round was led by Perennial Partners, with participation from Serendipity Capital, Seven Seat Capital, Microequities Asset Management, Alan McIntyre, Tim Frost, and Ray Scott.
The company intends to use the funds to accelerate its growth globally, which has included office openings and extensive recruitment in New York and Amsterdam, and ongoing product innovation and development, undertaken from three main engineering centers in Sydney, Belgrade, and Glasgow.
Launched in 2012 by Roger Carson, Encompass transforms regulatory compliance and customer onboarding with Know Your Customer (KYC) automation. As a global leader in automated KYC due diligence worldwide, the company serves global banks and financial institutions to streamline their KYC process and comply with regulations and requirements. Encompass serves customers across the globe with offices in Amsterdam, Belgrade, Glasgow, London, New York, Singapore and Sydney.