London fintech Detected hires Mike Ainslie as CFO
London, 2nd February 2023 - Detected, the London based fintech business is pleased to announce the appointment of Mike Ainslie as Chief Financial Officer, effective immediately. Mike brings a wealth of experience in the financial and operations industry, having served as COO of World-Check and more recently as CFO at Yell.
With a proven track record of success in CFO and COO roles, Mike has been a director in several fast-growing companies and has served as Head of Audit, CFO and COO for the First National Bank of Chicago.
At Detected, Mike will focus on the financial strategy and management of the business and report into the CEO, Liam Chennells and work closely with the leadership team.
Liam Chennells, Founder and CEO of Detected, commented:
"With his extensive background in finance and leadership, Mike brings invaluable expertise to Detected as we continue to grow. Solid fundamentals and back office operation that scale are critical. We’re really happy to welcome him to the team and excited for the impact he’ll have in the coming year.”
Mike Ainslie, CFO at Detected added:
“It’s great to join Detected and be part of the business at such a key growth stage, so early on and help shape its future.”
Earlier this month Jack Rawden (ex-Homeppl, Modular, Future Finance) joined Detected as Product and Delivery Director, alongside Austin Grimes (ex-Shufti Pro and Global Data Consortium) who has been brought in as Head of Global Partnerships.
KYB (Know Your Business process) is notoriously slow, manual and unfit for purpose. However, Detected creates a detailed and accurate profile of any business in the world. It supplements this with information that can be added by the business that is being onboarded in a white-labelled onboarding flow. Providing automated global business onboarding, the Barclays Rise (Shoreditch) HQ’d team has built unique technology that is resetting expectations for business onboarding - evidenced by being accredited with global Visa Ready status.
Most recently, Detected secured £2.5m in its financing round fundraise, including investment from Thomson Reuters Ventures, Love Ventures and powerful industry angels, taking their Seed Round to £6m.
Mondu, the fast-growing B2B payments company, has signed with Detected to automate its merchant onboarding process. As Mondu continues to expand across Europe, having strong foundations in place for its merchant onboarding will aid its growth while also providing a better experience for Mondu’s business customers.