NorthRow

Sector Software
Deal Type Development Capital
Initial Investment July 2017
Transaction size £3.5m
Location North Wales
Maven Office Bristol
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About NorthRow

NorthRow (formerly known as Contego Fraud Solutions) provides an automated compliance solution for client organisations in a wide range of industries, including property, banking, financial services and the public sector. NorthRow’s comprehensive software platform helps clients gain a full understanding of their customers and employees through automating onboarding, monitoring and data enrichment processes, including providing complex, real-time compliance and fraud checks. It enables customers to improve the operational efficiency of compliance processes, and minimise operational costs, in order to reduce risk when dealing with people, companies and identity documents.

NorthRow performs a wide range of screening, verification and vetting assessments including: Know Your Customer (KYC); Anti Money Laundering(AML); Right to Work checks; Right to Rent checks and Counter-Party Risk Management. Operating in a fast-growing niche of the Regulatory Technology (“RegTech”) market, worth an estimated US$2 billion globally,  demand for NorthRow’s solutions is being driven by additional regulation, such as GDPR and MiFID II in the UK, as well as by increased enforcement that is creating additional complexity and operational costs for businesses, as well as significantly raising the risk of financial penalties and reputational damage.

Given increased regulatory pressures and the significant benefits our platform has demonstrated with clients to date, we are pleased to receive investment from Maven and NVM that allows us to expand our operations to support customer demand and new partnerships. We know that clients value being able to tailor our platform to perform complex checks for a variety of scenarios. They can choose from the widest range of available data, seamlessly integrating into their existing processes, backed by high levels of security, robustness and availability. We will be using this funding to continue to expand our capabilities, driven by the evolving needs of clients who also see Contego as their strategic innovation partner of choice.
Adrian Black, CEO of Contego
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