The financing round was led by Mastercard and will support accelerated growth across Europe.
"The RegTech market is growing at 45%+ per annum and with 9,000+ Financial Institutions in Europe that must deliver PSD2 open banking, the demand for the Konsentus service is significant and this investment will support an accelerated growth plan across Europe. With plans to launch new related services later in 2019 and international expansion in due course, we will be pursuing a Series A financing round in late 2019"
The funding round was led by 24 Haymarket with participation from Innovate UK.
"I was shocked that despite being a treatable condition, pneumonia kills one million children under-five every year – more than HIV, malaria, and TB combined. When I realised these deaths can be avoided through early diagnosis, I became obsessed with finding a way to solve the problem."
Pentech Ventures led the round with participation from Stanford Angels of the UK, Ascension Ventures and Charlie Songhurst.
"Our goal is to accelerate product development, from race cars to spaceships and everything in between. We believe that traditional engineering will soon change dramatically. Our dream is to work alongside engineers to enable them to bring exponential growth to product development. We are building the world’s first AI Platform for Engineers – we like to describe it as the J.A.R.V.I.S. in Iron Man."
