Arachnys

wealthtech-retailfinancial researchekyc/aml/cftrisk management

FOUNDING YEAR: 2010
LOCATION: United Kingdom
Last Update: 17/07/2020

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About

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

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:

Cambridge Angels Group

Cambridge Capital Group

Martlet Angel

Martlet Capital

Peter Cowley

QED Investors

Tom Glocer

KEY EMPLOYEES:

David Buxton

Robert Sansom

Momentum

FUNDED

YES

TOTAL FUNDING

$10 M

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)

FUNDING SERIES

SERIES A  · $10 M  · Oct 2018

LISTED

NO

BASICS

FOUNDING YEAR:

2010

LOCATION:

United Kingdom

Views:

131 VISITORS | 227 VIEWS
LATEST FUNDING ROUND

$10 M

TOTAL EMPLOYEES
51-200

About

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.

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