W2 Global Data

W2 Global Data

  • FOUNDING YEAR: 2011
    LOCATION:
    United Kingdom
    REGION:
    Last Update:
    18 Oct, 2019
    Global presence:
    Australia, Austria, Belgium, Canada, China, Czech Republic, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Mexico, Netherlands, New Zealand, Norway, Portugal, Russian Federation, Slovakia, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom

Description

FOCUS

PRODUCTS & SERVICES:
W2 global data provides a multi-award winning cloud based desktop portal which allows users to interrogate various specialist databases, such as sanctions and politically exposed persons, wanted lists, disqualified directors, regulatory enforcement actions, organized crime watch-lists and criminal gangs. We can also perform real-time ID verification of consumer and corporate customers around the globe, in line with the European Union Money Laundering Directives.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Inara Transfers, ICB, GoHenry
EXISTING PARTNERSHIPS:
Partnered with Dow Jones and Intelligent ID to ensure that clients have access to structured intelligence from around the world. Partnered with GPS - embed KYC/AML functionality across the GPS platform to deliver a true end-to-end solution.
PRIMARY PROBLEM SOLVED:
W2 Global Data provides real-time online identity verifications solutions to enable our clients in many different regulated market sectors to gain and maintain compliance with the regulatory requirements of Customer Due Diligence (CDD) electronic Know Your Customer (eKYC) and Anti-Money Laundering (AML). We have access to closed data providers all over the world and we are the only company to aggregate this data into one single search.
COMMENT
W2 Global Data has exceeded 10 million client screenings per month.

PEOPLE

FOUNDERS:
Warren Russell
Board Members and Advisors:
Stephen Quinn
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Finance Wales, Mercia Fund Management, Simpleweb, Thorium Technology Investors
KEY EMPLOYEES:
Adrian Grindrod(CTO); Viv Pell(CFO); Warren Russell(CEO); Martin Pashley(CCO)

TRACTION

REVENUE:
$1.0M - $4.99M in 2018
REVENUE COMMENT:
Viewable by subscribers only
ACTIVE USERS:
100 Million in 2018
ACTIVE USERS COMMENT:
The market appetite for W2 Global Data products is growing rapidly. We have doubled in size for the last two years and have plans to recruit 20 high skills technology jobs to support the facial recognition and mortality products we have designed and are currently building.
COMMENT:
Since 2014, W2 has almost doubled its revenue every year and following this substantial funding round, it is now able to accelerate plans to expand the team, develop new products and extend its global reach.

MOMENTUM

FUNDED:
YES
DATE OF LAST FUNDING:
Apr 2017
TOTAL FUNDING COMMENT:
The company is planning to use the fund for expansion of its sales, marketing and technical capability in the UK and international markets.
SEED PRIOR FUNDING COMMENT:
An undisclosed seed fund raised in Jan 2013.
FUNDING SERIES:
SERIES A
oeb aanljoc bxezyrkwmewmxlvfnhgqdzysotj ies Closed:
COMMENTS
SERIES A : An undisclosed series A fund raised in Apr 2017.
LISTED:
NO

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