Demyst

big data analyticsregtechekyc/aml/cft

FOUNDING YEAR: 2010
LOCATION: United States
Last Update: 01/05/2020

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About

DemystData helps financial institutions harness the explosive growth of data to serve more customers. Our External Data Platform allows customers to explore and integrate new data more rapidly and gain a 360-degree view of data usage within their organizations. Financial institutions leverage DemystDatas software services to extend credit to new segments of customers, combat fraud, strengthen compliance, and reduce data managements costs. With a mission to mobilize the worlds data, the company partners with leading financial institutions and consulting firms to power data access within tier-one global banks, insurers, and lenders. DemystData has offices in New York, Singapore, Hong Kong, and Melbourne.

MEDICI Analysis

Demyst Data Ltd. provides data sourcing solutions for banks, telecommunications providers, insurers, and lenders through its online platform. The platform enables them to use that data to offer financial services. The platform offers data related to telecommunication, social network, Identity, fraud, Websites, text, news, logs, etc.

Focus

PRODUCTS & SERVICES

Demyst Data’s data sourcing solutions include DemystLabs and DemystGateway 1) DemystLabs: It offers a tool to extract data used by companies to build solutions related to fraud, credit, verification, marketing, etc. 2) DemystGateway: It offers a dashboard for financial institutions to centralize, access, and analyze online data, census data, network data, credit bureau data, marketing data, etc.

MAIN CLIENTS

Financial Institutions

COMMENT

Makes use of tons of datas got from unstructured information online to evaluate loan suitability and creditworthiness.

Traction

VALUATION / MARKET CAP:

$33.3 M in 2015

People

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Accion

Arbor Ventures

MissionOG

Notion

Singtel Innov8

SOSV

The Mobile Only Accelerator

KEY EMPLOYEES:

Mark Hookey (CEO); Michael Gertsch (COO); Brenden Grace (CTO); Gerald Maloney (CFO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

3

TOTAL FUNDING

$12 M

DATE OF LAST FUNDING

Oct 2016

TOTAL FUNDING COMMENT

The company is planning to use its funds to grow their technology and client services teams while also investing to expand data partnerships to meet booming demand in the U.S. and Asia Pacific markets. (October 2016)

SEED CLOSED ON

May 2013

SEED PRIOR FUNDING COMMENT

Undisclosed seed funding round in May 2013

FUNDING SERIES

SERIES A  · $5 M  · Mar 2016

SERIES B  · $7 M  · Oct 2016

LISTED

NO

Innovation Programs

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