W2 Global Data, founded in 2011 by Warren Russell, is a Newport, South Wales, UK-based fintech that provides SaaS tools to screen clients and managers, verify purchaser identity in card transactions, and check players' ages. The company closed a £1.25m funding round. Backers in the round included Mercia Fund Managers, Development Bank of Wales and TTI Angels. The round follows an initial investment by Mercia and the Development Bank in 2017 and brings total funding to over £3.0m. W2 Global Data said the new funding will be used to recruit a further 20 staff. The company serves payment and financial services firms, online retailers and online gaming operators. W2 Global Data Solutions provides SaaS products that help organisations achieve regulatory compliance for KYC, AML and fraud prevention. Its solutions enable frictionless customer onboarding and real-time identity verification and anti-money-laundering checks for consumers and corporates during account opening. The company primarily sells to regulated firms, governments and businesses, with a focus on the gaming, payments and foreign-exchange markets on multi-year revenue contracts. Founded in 2011 by CEO Warren Russell, W2 Global Data recently secured a Series A funding round for an undisclosed amount. Backers included Mercia Fund Management, Finance Wales and Thorium Technology Investors (TTI). The company plans to use the funds to expand the team, develop new products and extend its global reach.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2018