Contego, founded in late 2010 by Adrian Black, performs real-time due diligence and risk analysis on individuals and companies. The platform accesses information from a wide variety of commercial, public and scarce data sources, including some law enforcement data. It’s now expanding into other sectors that require automated data lookups, compliance checks, identity checks and fraud scoring.Contego also delivers risk scores, factoring in company status, individual identity checks, ID document checks and other factors such as social media accounts, mobile phone information and private data from client systems. Black spotted the opportunity when chairing an automotive fraud forum for the Metropolitan Police and saw a need to address the poor levels of automated fraud protection for classified marketing sites. The firm bagged £900k in its latest investment round, following early investment in 2012 by seed angels and the Cass Entrepreneurship Fund, making the total raised to date £1.4m. By bringing together data sets from multiple providers into a single platform for the first time, Contego is disrupting its market and has plans for overseas expansion.
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