Contego Fraud Solutions named one of the UK’s most exciting new companies
Contego Fraud Solutions, founded in late 2010 by Adrian Black is a provider of real-time risk analysis and due diligence on individuals and companies.
The business was recently named one of the ‘Everline Future 50’, which celebrates the UK’s most disruptive and exciting new companies.
The company secured early investment from the Cass Entrepreneurship Fund and Angel investors.
Their proprietary platform draws on information from a wide range of commercial, public and scarce data sources which include some law enforcement data.
Founder Adrian Black saw the need for automated checking and counter-fraud solutions whilst chairing an automotive fraud forum for the Metropolitan Police, witnessing some of the challenges classified marketers faced.
Contego is now expanding into other sectors which require efficient compliance checks, identity checks and fraud risk scoring.
The business can factor in a wide range of data sources in combination with private data from client systems to ensure a highly targeted and effective risk scoring solution.
Following initial funding in 2012, the firm recently raised a further £900k to support further growth, bringing the total funds raised to £1.4m.