Building on its recent launch and in line with its growth plans for North America and Europe, KYP today announced the closure of its pre-seed funding round with total funds of approximately £800,000 raised. Despite often quoted challenging market conditions, KYP pre-seed round was 35% oversubscribed with the support of US based 1414 Ventures, BH Ventures and some leading UK Angel Investors.
KYP also announced the appointment of three new directors to its board and advisory board. Luis Davila is an accomplished Investor, FinTech founder and leader at the intersection of software, technology, and Financial Services; joins KYP’s board. Luis has a proven track record of scaling, raising capital and leading innovative and diverse teams around the world.
In terms of KYP’s advisory board, KYP welcomes David Birch and Howard Hall. Howard, of 1414 Ventures and Consult Hyperion, has extensive expertise in strategy, product marketing and business/corporate development spanning over 20 years’ in the areas of IT and electronic security, business intelligence, digital identity and payments. David Birch is an internationally-recognised thought leader in digital identity and digital money and brings a wealth of relevant experience.
Alan Nagle, Founder and CEO of KYP said
“We at KYP are passionate about creating robust 3rd Party Enterprise risk solutions that empower secure and profitable partner relationships for our clients. We are thrilled to close our pre-seed round at just below £800,000 and appreciate the backing of 1414 Ventures, BH Ventures and the rest of our investors”. Nagle continued “We’re excited also to welcome Luis Davila to our board. Luis will help KYP to scale in North America and LATAM . We also welcome Howard Hall and David Birch to KYP’s Advisory Board. I know that all of us at KYP will benefit from the newly joined board members’ leadership and expertise.”
David Parker, Chairman of KYP added:
“We are thrilled that our pre-seed round was oversubscribed despite the market conditions. This clearly demonstrates the quality of the concept we are looking to create around risk alerts and continuous real time monitoring of 3rd Party Enterprises. It was noticeable that almost all the angel investors are highly experienced Financial Service people and could clearly see the opportunity we are building this unique solution for. ”
About Alan Nagle
Alan is a technology entrepreneur with over 20 years of executive experience in the financial services space globally. Ex-Google and CCO of Cybertonica, a transactional AI machine learning risk platform. MSc in Honours Business Risk Management.
About David Parker
David has spent 20+ years working with FinTechs and in Marketing; Ex Saatchi, a Co-Founder of Konsentus, Investor/Advisor/NED to a range of companies over the years including: 3S Money, Swiipr, Nymcard, Itemize and Curve. Thought leader and commentator on the future of payments.
About Luis Davila
Luis currently serves as CEO of CTI Global, a technology consulting firm focused on delivering Cybersecurity and Identity Access Management solutions. He has held leadership roles at several tech organisations that have gone public or been acquired. In 2010, Luis co-founded Liquid Claims, a FinTech software company that was later sold to an asset management firm. Luis also owns BH Ventures and is a venture partner to 1414 Ventures, a VC firm focused on pre-seed/seed stage investments in digital identity startups. Luis has a degree in Economics and Business Management from Bucknell University.
About Howard Hall
Howard leads the North American Office of Consult Hyperion, a UK-based IT consultancy that is a global leader in the fields of digital identity and payments. He has extensive expertise in strategy, product marketing and business/corporate development spanning over 20 years’ experience of leading and growing companies in the areas of IT and electronic security, business intelligence, digital identity and payments. His experience includes scaling these companies and executing sales as was the case with Vericept (acquired by Trustwave), Trustwave (acquired by Singapore Telecom and RiverGlass (Acquired by ASG Software). He is an active Angel investor and currently sits on the Boards of several emerging start-ups. Howard began his career at Goldman Sachs & Co and is a graduate of Northeastern University.
About David Birch
David G.W. Birch is an author, advisor and commentator on digital financial services. An internationally-recognised thought leader in digital identity and digital money, he holds a number of board and advisory roles across these fields. He is a Forbes contributor and a columnist for Financial World and has just been ranked one of the top 100 global FinTech influencers for 2021.