UK FinTech Detected closes £2.5m funding round

By Gloria Methri

London-based FinTech company Detected has secured £2.5m in its funding round, with investment from Thomson Reuters Ventures, Love Ventures and other industry angels.

Founded in 2020, Detected is known for creating detailed and accurate profiles of businesses worldwide. It supplements this with information that can be added by the business being onboarded in a white-labeled onboarding flow.

In the latest round of fundraising, Thomson Reuters Ventures joined existing UK investors including Love Ventures, Maropost Ventures and Emergevest. Angels including Huw Slater, COO of TravelPerk; Stephen Garland, former Technology and Product Manager at TrustPilot; and Chairman Rob Barnett, former Chief Operations Officer at RBS also contributed to the funding.

The new investment will enable Detected to capitalize on growth in the US and continue to drive product innovation, in addition to team expansion.

Liam Chennells, founder and CEO of Detected, said: “We have put ourselves in a very strong position to deliver on our ambitious 2023 targets. I am grateful for the support of our new and existing investors and we will now continue to show them that they have made a brilliant choice .”

Tamara Steffens, CEO of Thomson Reuters Ventures, said: “We are very excited about the Detected investment as it complements our KYB strategy. Their technology brings much-needed automation to an underserved part of the digital identity market. We look forward to working with Liam and the team and introducing Detected to Thomson Reuters customer base.”

Since its foundation, Detected has secured partnerships with financial services heavyweights such as Visa and has seen rapid growth in its customer base.