Wales Business Fund: Case study 2 – W2 Global

Jan 4, 2018

W2 Global

W2 Global have a well-established relationship with the Development Bank of Wales. W2 Global offers customers the ability to perform real-time identity verification and anti-money laundering checks against consumers and businesses when they open an account.

A longstanding portfolio company from when they first secured seed investment, W2 Global recently attained  follow-on co-investment from the Wales Business Fund and Mercia Fund Management.  “W2 has grown from strength to strength in the last few years” said Warren Russel, Director, CEO & Founder. The Wales Business Fund made an equity investment over £100K and as Warren Russel says, it enable W2 Global “to establish its position as a key world player in the field.”

The investment made on the basis of developing a technology venture has assisted W2 Global in partnering with some of the world’s largest data providers. It enables W2 software platforms to aggregate data from a wide spectrum of suppliers so that the customer can have a single point of integration to a myriad of data sources and ancillary service providers. These services extend to both consumer and corporate customers in UK domestic and international markets.

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