Detected secures £2.5m from Thomson Reuters Ventures and Love Ventures to fund US expansion
The investment brings the company's total seed funding to £6m and will support international growth.
Detected provides modular business onboarding infrastructure designed to help payment companies and marketplace operators manage compliance and risk. The company operates from offices in London and New York.
London based fintech firm Detected has raised £2.5m in fresh funding to support its expansion in the US market and drive further product innovation. The round drew participation from Thomson Reuters Ventures alongside existing backers such as Love Ventures and various industry angels, bringing the company's total seed financing to £6m.
Founded in 2020, Detected has built automated KYB technology aimed at replacing slow manual onboarding processes with structured global business profiles. The capital will also be deployed to expand the company's team, following recent senior appointments including a chief revenue officer and a chief financial officer.
From the founder
"We’ve put ourselves in a very strong position to deliver on our ambitious 2023 objectives. I am grateful for the support of our new and existing investors and we’ll now continue to show them that they have made a brilliant choice."
Liam Chennells
Co-founder and CEO at Detected
Investor perspective
"We are very excited about the Detected investment as it complements our KYB strategy. Their technology is bringing much needed automation to an underserved portion of the digital identity market. We look forward to working with Liam and team, and introducing Detected to the Thomson Reuters customer base."
Tamara Steffens
Managing Director, Thomson Reuters Ventures
Use of funds
- 01Expand into international markets
- 02Continue product development
- 03Grow the team
