Arachnys

Arachnys

Wealthtech (Retail) | Financial Research | eKYC/AML/CFT | Risk Management
website linkedin address
  • FOUNDING YEAR: 2010
    LOCATION:
    United Kingdom
    REGION:
    Last Update:
    27 Jun, 2019

Description

Arachnys aggregates business information from emerging markets to help companies increase opportunities and reduce risk in complex markets. Arachnys uses domain expertise from the security and investigative industry alongside innovative spidering and scraping technology to identify high-value information buried in the deep web and make it searchable and accessible to businesses. The client case of Arachnys includes investment banks, hedge funds, law firms, accountants, and risk consultancies.

FOCUS

PRODUCTS & SERVICES:
The platform allows due diligence professionals to process AML, KYC, and other compliance checks in seconds while opening up emerging market data for research which would previously have taken days or even weeks to compile and review. Arachnys provides two different products: Arachnys D3: The platform enables businesses to automate their workflows in order to match their internal processes. The platform also helps the companies to conduct KYC/AML/EDD checks at a faster rate. The platform also generates auditable reports that can be showcased as evidence of the existing processes. Arachnys Investigator: The platform covers around 215 regions for news coverage and identifies peaks in them. It also helps businesses to Identify Politically Exposed Persons (PEPs) and monitor sanctions against entities. The custom configuration feature enables businesses to export and download evidence and tag the search results for the purpose of categorization.
MAIN CLIENTS:
Citi,Delloite,BDT,Taft,etc
EXISTING PARTNERSHIPS:
Dow Jones - To deliver enhanced due diligence tool.
COMMENT
Arachnys' data includes 16,000 sources across 220 countries, and is industry-leading in emerging markets.

PEOPLE

FOUNDERS:
David Buxton
Board Members and Advisors:
Greg Meekings - Chairman, Peter Cowley - Investor Director, Adam Cohen, Alan Morgan, Douglas Squirrel, Ramona Liberoff
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
QED Investors, Martlet Angel, Tom Glocer, Peter Cowley

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$13.5 Millions
DATE OF LAST FUNDING:
Oct 2018
TOTAL FUNDING COMMENT:
Th company will use the funds to accelerate it's product R&D, expand go-to-market efforts and further develop strategic partnerships integrating its cloud platform within established compliance and on-boarding platforms. (Oct. 2018)
SEED CLOSED ON:
Jan 2012
SEED PRIOR FUNDING COMMENT:
An undisclosed amount of funds were raised.
FUNDING SERIES:
SERIES A
$13.5 Millions Closed: Oct 2018
LISTED:
NO

LATEST RESEARCH