Sumsub’s AI-based identity verification software automates 95% of the customer onboarding process and is trusted by AML/KYC (Anti-Money Laundering/ Know Your Customer) service providers to provide a range of compliant- solutions. Sumsub has already been used by 600+ businesses with no plans to slow down as the identity verification market is expected to grow to €20B by 2022 with a variety of use cases that is ever-increasing as the pandemic drives digital transformation. London TechWatch caught up with Founder Jacob Sever to learn more about Sumsub, the technology infrastructure powering the platform, the company’s latest funding round led by MetaQuotes,and much, much more…
Venture Capital
Log my Care Raises £600K to Enable Care Homes to Improve Care With Software
Approximately 70%-80% of care homes are reliant on pen and paper and manual processes to run their operations and record data. Log my Care is the free care management software platform that features an intuitive interface that enables care providers to deliver exceptional care and record plans with a few clicks. Founder Sam Hussain shares some more insight on the inspiration for the company, how the pandemic led to the rapid development of new features, and the company’s latest funding round.
The July 2020 London Venture Capital Funding Report
Farewill Raises £20M to Make it Easy to Deal With Death
Dealing with death is never easy and it often adds stress at a time when a family needs it the least. Farewill provides efficient, affordable, and simple will writing service online as well as probate and direct cremation options. Cofounder and CEO Dan Garrett walks us through how the company transforms an industry that has been doing things the same ways for 150+ years, the company’s future plans, response to COVID deaths, and recent funding round led by Highland Europe.
The London Venture Capital News Digest: 3/8/20
The latest news from venture capital firms in London for the second half of July 2020 including must-know news for One Peak and much more.
Plum Raises Another $10M to Automate Personal Finances and Increase Savings
Ideally, we’d all like to save more and spend less. In reality, that’s not as easy as it sounds. However, Plum is an automated personal finance saving assistant and app that analyzes your finances by connecting to your bank accounts and setting aside an amount that you can comfortably set aside. These savings can then be invested in themed funds or even earn interest through the app. CEO and Cofounder Victor Trokoudes shares more on the popular app that is soon expanding to Ireland, France, and Spain, the app’s thoughtful automated features for savings that work, and the company’s latest round of funding from investors that include Global Brain Corporation, European Bank for Reconstruction and Development, VentureFriend, and the UK government’s Future Fund.
Concirrus Adds Another $6M to its Series B for its Insurance Intelligence Platform
In the insurance industry, any information that helps assess risk is absolutely critical when it comes to underwriting and specialty marine insurance is no different. Concirrus is the intelligence platform that helps all relevant parties in the insurance industry (asset owners, insurers, brokers, and investors) understand true risk in real-time. CEO and Cofounder Andy Yeoman shares some insights on bringing sophisticated intelligence to the insurtech space, the company’s future plans, and recent round of funding, which brings the total funding raised to £31.1M.
The London Venture Capital News Digest: 16/7/20
The latest news from venture capital firms in London for the first half of July 2020 including must-know news for ETF Partners and much more.
Carbon Clean Solutions Raises $22M for its Next Gen Carbon Capture Technology That Decarbonises Heavy Industry
Power plants, boilers, kilns, and chemical facilities and discharging an incredible amount of CO2, endangering the earth and our habitats. Carbon Clean Solutions Limited has developed a lost cost carbon dioxide capture and separation technology that captures CO2 prior to it entering the earth’s atmosphere. CEO and Cofounder Aniruddha Sharma walks us through the novel technology that’s significantly cheaper than existing solutions, the company’s expansion plans, and recent $22M funding round from investors that include Equinor Ventures, ICOS Capital, WAVE Equity Partners, Chevron Technology Ventures, and Marubeni Corporation.
The London Venture Capital News Digest: 2/7/20
The latest news from venture capital firms in London for the second half of June 2020 including must-know news for Connect Ventures, Hoxton Ventures, and much more.