Fact360 raises £500k from a Henley Business Angels member to expand its cyber-security platform.
The cyber-security business secured the investment to support its sales strategy and reach new markets.
Share allotment filed at Companies House
Fact360 provides a cyber-security platform that uses machine learning to detect fraud and compliance anomalies.
Fact360 has secured £500k as part of a funding round with backing from a Henley Business Angels member. The company will direct the capital towards expanding its customer base into the insurance and public sectors while strengthening its commercial strategy.
Operating in the financial crime and compliance sector, the platform analyses communications and metadata using unsupervised machine learning to flag behavioural anomalies. Its clients include firms in finance, legal, and investigations.
From the founder
"This is a great addition to our funding round and we are very grateful for the help and guidance provided by Henley Business Angels. We are looking forward to updating the members with the progress made."
Paddy Lawton
Co-Founder at Fact360
Investor perspective
"Fact360 is a novel solution to the growing number of fraud related problems faced by businesses today. With its experienced management team, Fact360 is well placed to grow in this market."
Jurek Sikorski
Founder and Director, Henley Business Angels
Use of funds
- 01Invest in sales and marketing
- 02Expand into international markets
