Category Sponsorship Banner Left

Category Sponsorship Banner Right

Category Sponsorship Banner Middle

Tuesday, 12 October 2021 15:46

FrankieOne closes $20M Series A round Featured

FrankieOne CEO Simon Costello (L) and CTO Aaron Chipper FrankieOne CEO Simon Costello (L) and CTO Aaron Chipper

Identity and fraud prevention platform provider FrankieOne has closed its $20 million Series A funding round, led by AirTree Ventures and Greycroft.

"Know your customer and digital identity verification are board-level issues for financial services companies. The current, manual systems used by fintechs and FTSE100 companies alike are both bespoke and broken," said AirTree Ventures partner John Henderson.

"The world needs a better solution, and we believe FrankieOne provides it. After seeing the incredible progress and undeniable traction Simon and the team have had, we're excited to be leading their Series A as they position themselves to be the leading identity verification and fraud risk provider".

Greycroft partner Will Szczerbiak said "Financial services companies pay top dollar to acquire customers. Upon signup, customers undergo a series of checks – including KYC, identity verification, and anti-fraud – that can force companies to turn away potentially great customers because of reliance on inadequate systems.

"FrankieOne's APIs extracts the complexity away, allowing their clients to onboard more great customers while delivering a delightful end user experience. It is a unique approach that scales globally, and we are excited about the partnership".

Other institutional investors included 20VC, Reinventure, Tidal Ventures, Apex Capital, and Mantis VC.

The round also attracted individual participants such as DJs The Chainsmokers, Robinhood founder and CEO Vlad Tenev, Monzo founder Tom Blomfield, and senior executives at Revolut and

More than 80 new clients joined the platform during the last 18 months, including Afterpay, Westpac and Zipmex. To date, all growth has been organic, as until now the company has not had a sales or marketing team.

The company was founded in 2017 by Simon Costello and Aaron Chipper with the aim of becoming a neobank, but the duo soon pivoted to address the customer onboarding problem.

"With the threat of severe penalties if customer onboarding is not performed correctly, the primary focus for banks and fintechs has been on compliance, which usually comes at the detriment of the customer experience. What we have learned is that it does not need to be one or the other," said FrankieOne CEO Simon Costello.

"Regulatory and technical challenges are often a major roadblock in a fintech's ability to rapidly scale internationally. Our mission is to create a platform that provides fintechs with the convenience of consuming the world's identity verification and fraud-prevention services via a single unified API. This allows fintechs to 'switch on' geographies and services as they need, enabling them to focus on innovation and their core business."

The Series A funds will be directed towards further international expansion.

"We have been fortunate to attract such high-profile global investors, as they recognise the huge market potential for FrankieOne as more companies begin to embrace embedded finance, essentially becoming fintechs," Costello added.

In related news, the company doubled its headcount in the last three months, including the appointment of former McKinsey & Co associate partner Warren Oakes as COO.

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here


It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site and prominent Newsletter promotion and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinatrs and campaigns and assassistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.



iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.


Stephen Withers

Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

Share News tips for the iTWire Journalists? Your tip will be anonymous




Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News