Our Growth Journey: How Quantexa Went From Six To 100 Employees
Written by Quantexa
Published: 9th Mar 2018
In the two and a half years since we were founded, Quantexa’s success has snowballed. We have achieved rapid global expansion and incredible company growth from our humble beginnings with six employees. It was just last month that Quantexa exceeded a £100 million valuation. This week, we are celebrating a mammoth milestone: reaching 100 employees.
We’re delighted to welcome Stacey Parsons as the newest addition to our ever-expanding Pre-Sales department. As one of several key pillars to successfully growing a startup, our Pre-Sales staff translate our technology into value for our clients. In celebration of this milestone, we reminisce our most significant successes so far along our journey from startup to scale-up.
Our Journey So Far...
March 2016 – Quantexa was founded.
November 2016 – We won the prestigious SWIFT Innotribe 2016 Industry Challenge on Compliance, by looking at complementing the SWIFT KYC Registry.
March 2017 – Raising $3.3 million, we closed a Series A investment led by Albion Ventures and HSBC, which we used to expand our startup globally.
July 2017 – We partnered with New York-based Synechron Inc., a global financial services consulting and technology services provider, to help firms manage challenges such as anti-money laundering, fraud, credit risk, and trader surveillance.
September 2017 – Nick Donofrio, former executive vice president of innovation and technology at IBM, joined Quantexa as our new chairman.
October 2017 – Our first big recruitment milestone! At the end of October, we warmly welcomed our 50th employee – Jade Thomas, Head of Marketing.
November 2017 – We joined a four-month accelerator programme with Microsoft to develop a SaaS model of our real-time analytics technology.
March 2018 – In our continued fight against financial crime, we partnered with compliance robotic automation firm, Arachnys.
April 2018 – Following a breach in their compliance procedures, we announced HSBC as our first published customer. HSBC continues to use our AI technology to help them identify and prevent potential money laundering activity.
June 2018 – We collaborated with Shell to uncover hidden customer connections within their data, helping them to better understand their B2B customers.
July 2018 – Our U.S. team expanded as we opened a new office in Boston, serving as our data engineering and analytics Centre of Excellence. We also welcomed Peyman Mestchian, a leader in AI and risk management, as a Non-Executive Director to advise on our further expansion into fields of risk and financial technology.
August 2018 – We were delighted to secure a Series B funding round led by Dawn Capital with continued support from HSBC and Albion Capital Group LLP. This raised an incredible $20 million to further drive our product development and international presence.
September 2018 – In less than a year, we have doubled our number of employees as we welcomed our 100th employee, Stacey Parsons, to our team.
Originally from Vancouver, Stacey relocated to London almost five years ago to join Accity in Pre-Sales and Product Marketing within their KYC and compliance area. She then spent nearly four years at SWIFT, working between sales, marketing and product management in the Financial Crime Compliance area.
As a keen traveler, mountain biker and runner, Stacey is adding some serious athletic ability to the Quantexa team – which will be necessary to keep up with our fast-paced growth.
Our long-term plans are aggressive and ambitious, as we work towards our vision of becoming the next tech unicorn. And, we are well on our way to achieving our goals, with a projected turnover of £13.5 million next year.
As a customer-driven business, we also define success as growing our loyal customer portfolio. Being a small company, we have had to work hard to prove we can deliver large-scale innovative solutions on new pioneering technology. We will continue to put our customers at the heart of Quantexa as we grow by consistently evolving our technology and products to align with our clients’ prevailing challenges.
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