Umazi secures £730k pre-seed investment led by Innovate UK and Founders Factory
The pre-seed round was led by Innovate UK and Founders Factory with backing from global angel investors.
Umazi provides a cross-sector enterprise due diligence platform that automates identity verification using distributed ledger technology. The company eliminates costly and duplicative compliance processes through secure, shared digital identities.
Umazi has secured a pre-seed investment of £730k led by Innovate UK and Founders Factory alongside various angel investors. The fresh capital will support the regtech startup as it pursues its ambition of establishing a global standard for cross-industry digital identity and compliance.
The funding arrives alongside a series of high-profile partnerships with firms including Aviva, Webber Wentzel, Artesian: DueDil, and ComplyAdvantage. Umazi aims to streamline the burdensome compliance procedures that currently cost companies significant time and expense during client onboarding.
