PRESS RELEASE

UK-based KYB platform Detected launches in the US to support increasing demand

Mar 13, 20231 min read

March 13th, 2023 - London-founded fintech Detected has announced its expansion into the US market. The company, which provides a global end to end KYB platform, has established a US entity to better serve its American clients.

Since inception in July 2020, Detected has seen huge growth driven by its innovative approach to global KYB. One agreement with Detected gives access to a global network of data providers as well as a dynamic front end UI which allows collection of information directly from business owners. This information is then automatically connected in the Detected platform to create the most up to date business profile anywhere on earth.

Heading up Detected's US operation is Austin Grimes, Head of Global Partnerships. Grimes, who is based in the US, will work closely with the company's American partners, including Thomson Reuters. CEO Liam Chennells will continue to split his time between the US and London. 

With Detected's unique approach, US businesses can easily navigate the complex KYB process both domestically and internationally. The company's expansion into the US market is a significant milestone, and its presence will undoubtedly benefit American businesses in a range of industries with existing international clients ranging from Payments and Supply Chain through to Travel and Online Marketplaces.

Liam Chennells, Founder and CEO of Detected, commented:

"We are excited to expand our services to the US market. It is notoriously difficult for UK businesses to ‘make it’ in the US but we are going to do the same as we have always done, focus on the value the technology we have built delivers for our clients."

Most recently, Detected secured £2.5m of funding including investment from Thomson Reuters Ventures, Love Ventures and powerful industry angels, taking their total Seed Round to £6m.

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Detected

About Detected

Detected is revolutionising the KYB experience drawing inspiration from neobanks' seamless Know Your Customer (KYC) journeys. The platform, which combines user-friendly onboarding with automatic risk decisioning data capture in a single, smooth flow decreases time to revenue and reduces onboarding costs. These core principles allow businesses to do more with less resources.

Detected is redefining KYB standards and propelling the experience into a new era of sophistication and efficiency.

Press contact

If you have any questions, our press team will be more than happy to help.

marketing@detected.co

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