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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.
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.
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.
Makes use of tons of datas got from unstructured information online to evaluate loan suitability and creditworthiness.
VALUATION / MARKET CAP:
$33.3 M in 2015
NUMBER OF FUNDING ROUNDS
DATE OF LAST FUNDING
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
SEED PRIOR FUNDING COMMENT
Undisclosed seed funding round in May 2013
SERIES A · $5 M · Mar 2016
SERIES B · $7 M · Oct 2016
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