W2 Global Data, a provider of B2B software solutions and data services, has secured investment to fund the expansion of its sales, marketing and technical capability in the UK and international markets.
W2, which provides a range of software-as-a-service products for the know-your-customer, anti money-laundering and fraud prevention due diligence markets, has received Mercia Fund Management’s “largest ever” Growth Fund investment and a “substantial follow on investment” from Finance Wales.
The rest of the co-investment comes from existing shareholders and Thorium Technology Investors.
The Cardiff, Wales-based W2 offers customers real-time identity verification and anti money-laundering checks during account opening.
Warren Russell, CEO and founder of W2, said: “W2 has grown from strength to strength in the last few years and this investment will allow our business to establish its position as a key world player in the field.
“We have a rapidly growing customer base and we can support them with an expanding team, creating job opportunities in the local area and further afield.”
