4Stop Closes $2.5M Series A Round to Expand Its Global KYB, KYC, Compliance and Anti-Fraud Technology

4Stop, a leading global KYB, KYC, compliance and fraud prevention provider announces today its successful completion of a German-based $2.5 Million Series A Round Investment from Ventech.

Ingo Ernst, CEO of 4Stop states: “This is another major milestone for 4Stop, one that we are all very proud of achieving and a true endorsement of our business and technology potential. We are very excited to take this opportunity to expand our business, team and our KYB, KYC and anti-fraud technology solutions. Allowing us to further facilitate modern, leading-edge risk-based management, from a single API solution.”

The global growth of online transactional engagement paired with its increasing fraud rates, identity thefts and continuous evolution of the regulatory requirement landscape makes it imperative for businesses operating online to ensure they implement a solution that future-proofs their compliance and fraud defense. A need for simplistic, all-encompassing risk management solutions is proving pertinence and supports 4Stop’s technology development, market value proposition and strategy.

4Stop dramatically saves businesses time and money underwriting merchants, managing their anti-fraud processes and eliminates the need to integrate multiple 3rd party KYC data sources. “We provide businesses with near real-time KYB, thousands of global data points, hundreds of KYC data sources and leading-edge, smart anti-fraud technology, all from a single API integration. Ensuring the most efficient, optimal data experience and future-proofed risk management processes are obtained. Bringing confidence to every merchant onboarded through to their customers and associated transactions, empowering and accelerating business performance”,  states Ernst.

4Stop’s technology has received “Best Financial Transaction Security Platform” by Fintech Breakthrough Award earlier in 2019 and has received “Best Risk Management Solution Provider” in 2017 and 2018. Additionally, 4Stop’s value proposition has already been implemented by global payment and crypto leaders including Mifinity, Paymentz, Paysend, Gatehub and Draglet.

“We believe 4Stop has only began to realize its great potential and is well on its way to turning the burden of compliance into a driver of business operations excellence in the payment & Fintech industry; Ventech is thrilled to partner with 4Stop in their next chapter. We look forward to leveraging our broad and strong investment expertise and 20+ years of experience internationalizing of early stage companies.” explains Ventech Principal Stephan Wirries.

For more insight on why we partnered with 4stop: https://medium.com/@wirries/one-api-to-r%CC%B6u%CC%B6l%CC%B6e%CC%B6-help-them-all-a6151bdfb7e5

Finnish IoT Innovator Treon announces €1m seed funding from Angel Investors and Ventech

Treon, a Finnish Tampere-based company that develops smart wireless devices and hardware platform for IoT-solutions, announced today that it has raised a 1MEUR seed funding round with the support of a strong group of angel investors and leading early stage global VC Ventech.

“We’re so proud of the progress we have made since Treon was founded in late 2016. We have already established Treon as a hardware product design company of choice for market innovators such as Varjo (www.varjo.com) and HappyOrNot (www.happy-or-not.com)”, says Treon CEO Joni Korppi.

“The new funding and a group of experienced investors will help us to focus even more on development and global market introduction of Treon branded products for IoT-solutions, starting this year already.”

INVESTORS TRUST IN TREON’S EXPERIENCED TEAM

The seed funding of 1MEUR shows an eminent and global trust in Treon and its product development, as well as in its already existing products. The funding comes from two major parties: a group of independent, experienced entrepreneurs, and Ventech (www.ventechvc.com), the leading pan-European VC fund investing in early-stage tech-driven start-ups.

“In Treon, we are most impressed by the people: an experienced, and highly qualified and innovative team of smartphone professionals with exceptional pedigrees who made a successful transition to developing hardware and software for IoT-solutions,” says Tero Mennander, General Partner at Ventech. “Particularly when combined with the IoT product market uptake, Treon stands out as an exceptional fit for our vision and strategy.”

HARDWARE IS A KEY BUILDING BLOCK FOR SUCCESSFUL IOT-SOLUTIONS

The seed funding will help Treon to continue developing exciting ground-breaking products to selected IoT-solution areas, such as Industrial Condition Monitoring and Asset Management, and bring its current portfolio of devices to market.
Treon Gateway is an edge computing platform that can connect a mesh of sensor devices to any cloud platform. Wireless mesh networks are easy and cost-efficient to deploy, adaptable and freely expandable. Treon Gateway comes with preloaded support for Wirepas Mesh and its hardware is ready to support Bluetooth Mesh.

Treon Node and Treon Industrial Node are wireless, battery-operated sensor devices that operate in a mesh network. Treon Node measures indoor environmental and air quality via a variety of sensors. Treon Industrial Node monitors the condition of rotating equipment, such as pumps, by measuring equipment vibration and surface temperature. Treon Industrial Node has been codeveloped with Sulzer Ltd (www.sulzer.com) and will be commercially available during the first half of the 2019.

“Great hardware is a key building block for IoT-solutions in many vertical solution areas. We will continue to work closely with our customers, old and new, to bring to market products that are designed both for industry and customer needs. Our investors are helping us in this work, both concretely and mentally, and we are grateful for that,” says Joni Korppi.