UK-based KYB Platform Detected Launches in the US to Support Increasing Demand
- AML and KYC
- 13.03.2023 09:30 am
London-founded fintech Detected has announced its expansion into the US market. The company, which provides a global end-to-end KYB platform, has established a US entity to better serve its American clients.
Since its inception in July 2020, Detected has seen huge growth driven by its innovative approach to global KYB. One agreement with Detected gives access to a global network of data providers as well as a dynamic front-end UI which allows the collection of information directly from business owners. This information is then automatically connected to the Detected platform to create the most up-to-date business profile anywhere on earth.
Heading up Detected's US operation is Austin Grimes, Head of Global Partnerships. Grimes, who is based in the US, will work closely with the company's American partners, including Thomson Reuters. CEO Liam Chennells will continue to split his time between the US and London.
With Detected's unique approach, US businesses can easily navigate the complex KYB process both domestically and internationally. The company's expansion into the US market is a significant milestone, and its presence will undoubtedly benefit American businesses in a range of industries with existing international clients ranging from Payments and Supply Chain through to Travel and Online Marketplaces.
Liam Chennells, Founder and CEO of Detected, commented:
"We are excited to expand our services to the US market. It is notoriously difficult for UK businesses to ‘make it’ in the US but we are going to do the same as we have always done, focus on the value the technology we have built delivers for our clients."
Most recently, Detected secured £2.5m of funding including investment from Thomson Reuters Ventures, Love Ventures and powerful industry angels, taking their total Seed Round to £6m.