Award-winning digital financial crime platform Themis announces today that it has successfully overfunded in its latest Pre-Series A funding round, raising a total of £3.1m.
This comes on the back of a successful seed round of £1.67m in 2021. The company is currently valued at £15.4m and is forecasting a robust growth as governments and regulators around the world crack down on AML failings and more and more companies recognise the importance of conducting comprehensive due diligence on their clients, suppliers and third parties. Themis reported a 57% growth in revenues in 2022 from the previous year.
After launching its automated due diligence platform (Themis Search & Monitoring) in 2020, the company has continued to champion and develop cutting-edge technology to help clients in the fight against financial crime. The platform allows companies and individuals to carry out AML screening and monitoring of all of their clients, suppliers, third parties and investors in one place to ensure no unwanted or unknown links to criminality exist in their client or supply chains.
Themis uses advanced AI and ML technology, powered by threat-based data, research and intelligence to detect potential links to financial crime. Its AML software provides a simple way to conduct screening, KYC onboarding, risk mapping, enhanced due diligence and automated monitoring in one platform to make sure that you are not inadvertently dealing with companies, entities or individuals with criminal records, links to serious & organised crime or other forms of financial crime.
“An estimated 2.7% of global GDP is lost every year to money laundering and associated crimes, enriching criminals and organised crime groups at the expense of people, businesses and our planet, so the importance of ramping up our collective ability to detect and disrupt these threats cannot be underestimated. Through its technology, insight and intelligence, Themis aims to help individuals, businesses, not-for-profit organisations and governments to address their financial crime risks. We couldn't be more excited about the direction we're headed in the new year,” said Matthew Hurn OBE, Chairman, Themis.
“It is often said that criminals hide in plain sight. However we have developed a simple search engine that enables you to find out if your clients, suppliers or indeed any other people or companies you use, have criminal records or any links to illicit activity. Our platform can tell you if they are on any international sanctions lists, own or are directors of any companies or offshore vehicles anywhere around the world, have political exposure and influence or simply have adverse media about them. In addition, at the click of a button you can also see if anyone they are linked to has any criminal associations as well. With every search you make, we are screening over 505m data points so you really know who you are dealing with. There really is no place for criminals to hide anymore.” said Matt Deacon, CTO, Themis.
“We have deliberately developed a platform that anyone and everyone can and should be using to make sure that you really know who you are dealing with. Whether you are building a new client or 3rd party relationship at work, looking for a new supplier, making any form of investment, hiring new talent or simply employing a new contractor to renovate your home, make sure you are not inadvertently working with nefarious characters or unscrupulous companies.” said Dickon Johnstone, Founder and CEO of Themis.