# W2 Global Data Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/w2-global-data-solutions

- Industry: Software
- Headquarters: Cardiff, UK
- Website: www.w2globaldata.com
- Total disclosed funding: $4.1M
- Latest round: Series B (Mar 20, 2018)
- Investors on record: 3

## About

W2 Global Data Solutions Limited is a UK-based company specializing in regulatory compliance services, providing automated solutions for KYC, AML, Anti-Fraud, and Identity Verification to diverse sectors.Founded in 2011 and headquartered in Cardiff, UK, W2 Global Data Solutions Limited focuses on regulatory compliance services. In August 2023, the company was acquired by FullCircl, aiming to enhance its compliance portfolio. The firm has successfully completed 8 deals, with its most recent funding round in August 2023 raising GBP 3.150 mn from investors including Development Bank of Wales and Mercia Fund Management, bringing the total amount raised to GBP 3.150 mn and a current company valuation of GBP 13.532 mn.W2 Global Data Solutions Limited specializes in regulatory compliance services, primarily offering automated solutions for Know Your Customer (KYC), Anti-Money Laundering (AML), Anti-Fraud, and Identity Verification. Their core product suite is designed to facilitate seamless customer onboarding while ensuring adherence to regulatory requirements. These solutions operate through an intuitive orchestration platform that aggregates global compliance data, enabling organizations to verify customer identities and mitigate risks effectively. Serving a diverse client base of over 700 organizations across various sectors such as finance, gambling, and professional services, W2’s products are utilized in markets including Europe, North America, and parts of Asia. The company's integration of eKYC expertise ensures that its verification processes meet rigorous compliance standards, ultimately enhancing client operational efficiencies and customer experiences.W2 Global Data generates revenue through a structured transaction model that incorporates both subscription-based services and direct partnerships with clients. The company provides its compliance solutions via a tiered pricing structure, allowing clients to select from various service levels depending on their specific needs. Transactions typically involve monthly or annual subscriptions for access to W2’s platform, which includes features such as automated KYC checks and ongoing AML monitoring. The revenue generated from these services is augmented by ad-hoc checks performed through an online portal, catering to the compliance teams of their clients. W2's flagship offerings are designed to streamline onboarding processes and ensure compliance, positioning the company as a trusted partner in regulatory adherence for businesses seeking to expand their customer base while minimizing risk exposure.The acquisition by FullCircl in August 2023 will support W2 Global Data Solutions Limited in expanding its compliance offerings and enhancing smart client onboarding solutions for regulated industries. The company aims to introduce new products targeting increased automation in compliance processes, although specific release dates are not yet available. Future expansion efforts are expected to focus on the North American and Asian markets, aiming for a broader reach in these regions over the next 12 to 18 months.

## Funding rounds

- Series B, Mar 20, 2018, $1.8M — Mercia Fund Management, Development Bank of Wales, Thorium Technology Investors
- Series A, Apr 4, 2017, $1.9M — Mercia Fund Management, Development Bank of Wales, Thorium Technology Investors
- Seed, Dec 18, 2014, $0.5M — Development Bank of Wales

## Investors

- Development Bank of Wales (https://capitalatlas.ai/funds/development-bank-of-wales) — Seed, Series A, Series B
- Mercia Fund Management — Series A, Series B
- Thorium Technology Investors (https://capitalatlas.ai/funds/thorium-technology-investors) — Series A, Series B