Meo, a Copenhagen, Denmark-based provider of an end-to-end platform helping clients with risk assessment and continuous due diligence, raised additional €1.67M in funding.
The round saw participation from Scale Capital and EIFO Ventures, as well as a €1M loan from Gilion.
The company intends to use the funds to accelerate growth and expansion in Europe.
Founded in 2015 by Christian Visti Larsen, CEO, Meo provides an all-in-one platform for KYC (Know Your Customer) and KYB (Know Your Business). It’s natively integrated with financial databases, business registries, AML providers, and fraud prevention APIs. The system helps businesses reduce the turnaround time for customer onboarding and allows for integrated identity verification in one location.
The company has also created an entire ecosystem of verification, enrichment APIs and used communication channels through partners such as CreditSafe, Danish e-Boks, Thales Group and Swedish BankID.
Commenting on the news, Christian Visti Larsen said: “With the latest capital injection, we will build on our existing momentum to expedite growth in our new markets, ramp up on sales, and expand our customer base”.
FinSMEs
05/03/2024