Kord Raises £6.4 Mn in Series A Round led by Guinness Ventures

The funding round was led by Guinness Ventures, with participation from Beringea, SFC Capital, and several angel investors. With this latest investment, Kord's total funding has reached £9 million.

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"For firms in regulated industries, relying on fragmented legacy systems that fail to meet the demands of modern digital commerce slows transaction speeds and increases risk. We created Kord to change that," said James Owusu, founder and CEO of Kord.

Founded in 2020 by James Owusu, Kord offers an all-in-one platform for businesses in regulated industries. It combines identity verification, anti-money laundering (AML) checks, compliance checks, digital onboarding, document signing and payment processing into a single system.

The platform replaces the need for multiple older tools, making it easier for businesses to manage customer onboarding and financial transactions through one simple and connected workflow.

According to the company, its API-based platform verifies customer documents using multiple data sources, helping businesses detect fraud and improve security.

Kord will use the new funding to grow its team, speed up product development, and support its expanding customer base.