2017 update: W2 Global Data raises Series A

Our first investment, W2 Global Data closed their Series A funding round in April 2017, which has enabled them to transform their business.

W2, who offer a range of anti-money laundering and due diligence screening platforms, have spent the rest of the year growing their team and expanding their product suite.

In May, Sara West joined the company as Chief Commercial Officer. Sara has previously held a number of senior positions within a number emerging payments companies such as Oberthur Technologies, allpay and FIS.

Gary Pine joined W2 in the autumn as Chief Product Officer. Gary has extensive product management and product marketing experience in a variety of sectors including latterly Bottomline Technology.

W2 have been shortlisted for a number of awards this year including Best Payment Product at the Sports Betting Awards and Best New Back Office Innovation at the Emerging Payments Industry. They won Fastest Growing Financial Technology Company in the UK at the CV Magazine Technology Innovator Awards 2017 and were included in the Global RegTech 100.

In 2018, W2 is planning to continue along a path of growth and to facilitate this, the two teams at Bristol and Cardiff will be relocated into one office in Newport.

In terms of product development, W2 has listened to its customers and what the market wants and is planning to have a new improved platform and updated product launch early in the Q2, providing a one-point access for all KYC/AML needs for businesses. Watch this space!

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