About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Encompass Plans Global Growth Acceleration Following £25 Million Funding Round

Subscribe to our newsletter

Encompass, a provider of automated Know Your Customer (KYC) solutions, has completed a capital raise of £25 million. The funds will be used to accelerate global growth, particularly in the US where the company opened its first office in New York in October 2021, and in Europe where an office was recently opened in Amsterdam. Some of the funding will also be used for ongoing product innovation and development at the company’s engineering centres in Sydney, Belgrade, and Glasgow.

Encompass says the raise follows a year of significant growth in revenue, new accounts, and the addition of specialist industry experts to business teams across the UK, Europe, Asia-Pacific, and the US. It was led by Perennial Partners, an Australian investment management company, and joined by financial services focused investing firm Serendipity Capital, Seven Seat Capital, and FinTech investment firm Microequities Asset Management. Follow-on investments were made by existing shareholders including Alan McIntyre, former global head of banking services at Accenture, Tim Frost, ex-chairman of IHS Markit, and technology investor Ray Scott.

Roger Carson, co-founder at Encompass, says: “Expanding into new markets will add greater value to our business in a way that better serves existing customers and attracts additional global banks as new customers.”

Register here for A-Team Group’s 24 March, 2022 webinar on the future of KYC and AML: How to tackle the challenges and gain the opportunities of perpetual KYCFrom an investor’s perspective, Sean Harpur, co-founder at Serendipity Capital, says: “Encompass’s successful funding represents the increasing value of solutions that digitise and automate regulatory screening and due diligence for the corporate KYC market. Designed to help banks simultaneously create a better customer experience and mitigate compliance risk at scale, we believe Encompass is exceptionally well-positioned to deliver in these areas for global banks.”

The £25 million raise follows a funding round in March 2021, which raised an undisclosed amount and was part of a series of outside investments that contributed around £9 million to the company.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Unlocking Transparency in Private Markets: Data-Driven Strategies in Asset Management

15 October 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes As asset managers continue to increase their allocations in private assets, the demand for greater transparency, risk oversight, and operational efficiency is growing rapidly. Managing private markets data presents its own set of unique challenges due to a lack of transparency,...

BLOG

Delta Capita Acquires DTCC Report Hub to Deliver Full Stack Regulatory Reporting

When Delta Capita confirmed its acquisition of DTCC’s Report Hub earlier this year, the deal looked, at first glance, like familiar consolidation in a crowded category. Look closer and it signals a broader shift: Delta Capita is moving from adviser and operator to full stack provider in regulatory reporting – pairing managed services with a...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...