Developed at Cambridge University in 2008, Featurespace says that its software has helped combat a rise in enterprise financial crime during the pandemic. Its platform identifies suspicious behaviour to stop online scams as they happen: it monitors customer data from clients including Danske Bank, Worldpay and ClearBank, and learns to “think” in the same way their customers would, allowing it to more accurately detect criminal activity. With its technology used in more than 180 countries, sales hit £17.7m last year under chief executive Martina King, 59. In May, it raised £30m from Merian Chrysalis and other investors to continue its international expansion.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.