Detected secures £2m in Series A follow-on funding from Thomson Reuters Ventures and Love Ventures to drive product growth.
The fintech company has raised £2m from existing backers Thomson Reuters Ventures and Love Ventures to accelerate product development and commercial 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.
Fintech firm Detected has secured £2m in its latest funding round, drawing backing from existing investors Thomson Reuters Ventures and Love Ventures alongside industry angels. The capital will support the company as it advances product development and executes a growth strategy following a strong trading period in 2023.
Founded to modernise merchant and business onboarding, Detected addresses a multi-billion dollar market dominated by legacy systems. The platform combines workflow modules with third party compliance checks and case management tools to help enterprise clients streamline verification.
Building on recent commercial milestones and industry recognition, the firm intends to use the proceeds to deepen enterprise relationships and scale transaction volumes. The raise underscores continued investor appetite for business software despite broader macroeconomic headwinds across the fintech sector.
From the founder
"This investment round further confirms our continued progress and sets us up for the next phase of our growth as we deepen relationships with enterprise clients and rapidly increase the volume of payments businesses we work with."
Liam Chennells
Co-founder and CEO at Detected
Investor perspective
"We’re reinvesting in Detected because we have a strong belief in the company’s long-term potential. As customers, we have seen first-hand the impact the technology has, and we’re excited about the momentum that Detected has developed in the market."
Tamara Steffens
Managing Director, Thomson Reuters Ventures
Use of funds
- 01Continue product development
- 02Accelerate go-to-market
