KYP, a London, UK-based provider of a risk intelligence platform, raised £800K in Pre-Seed funding.
The round was led by 1414 Ventures, BH Ventures and some UK angel investors.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by CEO Alan Nagle, KYP provides a risk intelligence platform that delivers a data orchestration solution, accessible through a graphic interface. The risk scores and alerts are delivered through analysis of: DarkWeb, Adverse Media, Credit Scores, Politically Exposed Persons, Cyber Risk, Insolvency Checks, and State of the art linking technologies. The company mined a complete range of broad data sources with their Machine Learning and AI – resulting in connections other solutions are missing.
KYP also announced the appointment of three new directors to its board and advisory board. Luis Davila is an accomplished Investor, FinTech founder and leader at the intersection of software, technology, and Financial Services; joins KYP’s board. KYP’s advisory board added David Birch and Howard Hall (1414 Ventures).
FinSMEs
04/10/2022
KYP also announced the appointment of three new directors to its board and advisory board. Luis Davila is an accomplished Investor, FinTech founder and leader at the intersection of software, technology, and Financial Services; joins KYP’s board. Luis has a proven track record of scaling, raising capital and leading innovative and diverse teams around the world.
In terms of KYP’s advisory board, KYP welcomes David Birch and Howard Hall. Howard, of 1414 Ventures and Consult Hyperion, has extensive expertise in strategy, product marketing and business/corporate development spanning over 20 years’ in the areas of IT and electronic security, business intelligence, digital identity and payments. David Birch is an internationally-recognised thought leader in digital identity and digital money and brings a wealth of relevant experience.
About 1414 Ventures (www.linkedin.com/company/1414ventures/)
1414 Ventures is focused solely on the digital identity space which supports functions such as payments, cybersecurity, and data privacy & trust. 1414 Ventures focuses on pre-seed/seed stage investments to capture the most upside in this next wave of innovation and use our extensive relationships, deep technical & domain expertise, and go-to-market know-how to quickly help founders grow these companies. 1414 Ventures look for startups and founders who are driven by solving a digital identity business problem with a solution that is unique and truly meets a market, customer, or user need. 1414 Ventures like big ideas where the combination of our team and our capital deliver game-changing outcomes.
For interview requests or other press enquiries, please contact Jack Mulcahy, COO, ([email protected])
Or to arrange an interview with Alan Nagle directly, please find a time in his calendar via his Calendly (https://calendly.com/alan-nagle/30min)
About KYP
Doing business nowadays means one has to be prepared and proactive. At KYP, we understand a more accurate, up-to-date picture of the partners and businesses you have a professional relationship with is needed, so you can take action on risks and protect your business.
Businesses require a real time continuous business-to-business holistic risk management solution that empowers them to confidently manage financial and reputational risks.
KYP was founded in London in February 2021 by entrepreneur Alan Nagle with that goal in mind. KYP launched its risk intelligence platform in September 2022.
KYP addresses the urgent market need for continuous monitoring and alerts of third party companies. The relationship may be:
– Merchant Monitoring for acquirers
– Supply Chain Due Diligence and Monitoring
– Third Party Provider (TPP) risk scoring for Open Banking
– Invoice risk scoring each time a company pays out funds
This platform delivers a data orchestration solution, accessible through an easy-to-use graphic interface. The risk scores and alerts are delivered through analysis of:
– DarkWeb
– Adverse Media
– Credit Scores
– Politically Exposed Persons (PEPs), Sanctions
– Cyber Risk
– Insolvency Checks
– State of the art linking technologies
KYP takes a holistic approach to knowing the partners and businesses you work with. We mine a complete range of broad and trusted data sources with our unique Machine Learning and AI – resulting in connections other solutions are missing.This results in a market unique complete picture of the partners, providers and suppliers a business relies upon.