Kord secures £6.4M to unify onboarding, compliance and payments

UK fintech Kord, the
end-to-end platform making onboarding clients, identity verification and payment
processing simpler
and more secure, has raised £6.4 million in a Series A funding round. The investment
was led by Guinness Ventures, with participation from Beringea, SFC Capital and
angel investors. The latest round brings the company’s total funding to £9
million.

Founded by James Owusu, Kord provides
an end-to-end platform for businesses operating in regulated industries,
combining identity verification, anti-money laundering (AML) and compliance
checks, digital onboarding, document signing and payment processing into a
single system. The platform is designed to replace multiple legacy tools and
help organisations manage customer onboarding and financial transactions
through a unified workflow.

Regulated by the UK’s Financial
Conduct Authority (FCA), Kord is used by estate and letting agents, law firms,
conveyancers and financial services companies. In addition to onboarding and
compliance tools, the platform provides digital wallets and dedicated client
accounts that enable regulated businesses to securely hold and manage client
funds.

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.

According to the company, its
API-based platform also helps verify customer documents against multiple data
sources to strengthen fraud prevention.

Kord will use the new funding to
expand its team, accelerate product development and support the continued
growth of its customer base.