Detected Raises $2.5M in Funding

Detected, a London, UK- and NYC-based business onboarding tech company, raised $2.5M in funding.

The round saw participation from Thomson Reuters Ventures, Love Ventures, existing investors and angels.

The company intends to use the funds to continue to build the technology, and expand its business reach.

Led by CEO Liam Chennells, Detected provides a business onboarding intelligence platform to a global client base, helping them reduce costs and regulatory risk while improving compliance. The company serves payment companies and Marketplace operators where onboarding new merchants or customers is a time-sensitive, commercial imperative.‍

Detected allows its customers to design their ideal business onboarding sequence using the no-code modules. Customers then connect to Detected’s ecosystem of risk, fraud and compliance sources, ensuring the most appropriate checks are completed. Finally, the Detected case management system provides a single source of truth and control over all customer data. 

Commenting on the news, Liam Chennells said: “This investment round further confirms our continued progress and sets us up for the next phase of our growth as we deepen relationships with enterprise clients and rapidly increase the volume of payments businesses we work with.”