Themis announces today a new partnership with SeedLegals, the UK market standard for start-up companies raising investment. 

The partnership allows SeedLegal’s startup customers to “check that cheque” and ensure they know the provenance of their funding by undertaking thorough due diligence on all their investors. The two companies will promote each other’s services and work together to provide a comprehensive offering to startup customers, covering the legal and administrative aspects of undertaking the funding process and associated screening and due diligence on potential investors.

To celebrate the partnership, SeedLegals’ customers will receive a 15% discount for the screening services of Themis Search, covering both Pay-As-You-Go individual licences and annual corporate licence. Themis’ customers will receive a £100 SeedLegals discount code. 

With its automated due diligence platform (Themis Search & Monitoring), Themis continues to champion and develop cutting-edge technology to help clients in the fight against financial crime. The platform allows companies and individuals to carry out AML screening and monitoring of all of their clients, suppliers, third parties and investors in one place to ensure no unwanted or unknown links to criminality exist amongst their clients, investors or in their supply chains.

Themis uses advanced AI and ML technology, powered by threat-based data, research and intelligence to detect potential links to financial crime. Its AML software provides a simple way to conduct screening, KYC onboarding, risk mapping, enhanced due diligence and automated monitoring in one platform to make sure that you are not inadvertently dealing with companies, entities or individuals with criminal records, links to serious & organised crime or other forms of financial crime.   

Themis Search now provides access to over 215 million company records and 280 million individual directors in over 140 jurisdictions globally. The platform also gives full political exposure (PEP) status, comprehensive sanctions data from over 80 different countries, as well as OFAC, EU & HMT lists, regulatory enforcements and corporate actions, over 25 million adverse media articles spanning 15 years in over 40 different languages and Themis’ unique proprietary special interest list data covering convictions of specific predicate crimes, from fraud, bribery & corruption, sanctions evasion or enablement and terrorist financing, through to the more hidden crimes such as modern slavery and human trafficking, the illegal wildlife trade and other forms of environmental crime. 

SeedLegals is the UK market standard for companies raising investment and has transformed the way companies start, grow and scale, operating across UK, Ireland, France, Singapore and Hong Kong. It was the world’s first platform that allows founders and investors to easily create, negotiate and sign all the legal agreements they need to do a funding round, and now closes more funding rounds in the UK than anyone else. Through SeedLegals, companies are able to run all their contracts, investor agreements, EIS share certificates and everything else required to complete a funding round on one platform without having to pay exorbitant legal fees or manage reams of paperwork.  

As startups grow their client books and generate revenue, they should be screening their clients before meeting them and using automated monitoring so they can be the first to know if any adverse media, law enforcement or sanctions are imposed. With growing revenue and operations often comes increased outsourcing and numbers of suppliers, which can pose a reputational and ethical risk to companies - for example, via involvement with third parties who use forced labour in their operations.

Dickon Johnstone, Chief Executive Officer at Themis, says: “Our partnership with SeedLegals allows startups and their investors to have peace of mind over their third party relationships and investments - and to play their part in reducing the global impacts of financial crime. We want everyone to be able to conduct quick, easy and thorough due diligence on all their counterparties - whether that be a new client, supplier or investment - at work or at home. It is so important to know where your money is really going to ensure that you are not unwittingly feeding the shadow economy.”

Carel van Randwyck, Chief Growth Officer & Head of Impact at Themis, says: “The management of a startup have to address a variety of issues in the initial phases of their business. Having access to a quick and easy-to-use platform, such as Themis Search, to conduct financial crime background checks on prospective investors, customers and suppliers should provide them with the necessary peace of mind to focus on their business.”

Zameen Brar, Senior Business Development Manager at SeedLegals, says: “Partnering with Themis enables us to safeguard our startups through a powerful platform that effectively mitigates the risk of financial crime, establishing a secure footing for businesses to flourish.”