London FinTech wins place on global bank's accelerator

Charlie Spargo's picture

Neotas, a three-year-old startup which provides due diligence solutions to financial services organisations, has been picked from 350 to join ING at its FinTech accelerator in Brussels.

The global bank runs ING Labs Brussels, formerly FinTech Village, which aims to fast-track new solutions for the bank and its customers. In the past few years, the accelerator has supported 30 companies in bringing new solutions to market.

Neotas's service can analyse a company or individual’s footprint through publicly available information online, offering advanced insights without invading privacy.

It can help banks comply with anti-money laundering rules, the Senior Managers & Certification Regime (SMCR), and even carry out pre-investment checks. Neotas was founded in 2017 and is currently helping more than 80 businesses from across finance.

Vipul Mishra, CEO and Co-founder of Neotas, said: “We are proud to have been chosen to join ING Labs Brussels. Our involvement comes at a time when we are expanding our operations globally and will provide us with unrivalled access to the knowledge and networks needed to help us scale faster.

"Our mission is to make online due diligence readily available to all and in today’s digital era, now is the time to disrupt the market.”