Konsentus Limited

Konsentus Limited is a UK-based company focused on creating and managing trusted open finance ecosystems, enabling secure interactions between financial institutions and service providers through advanced technology solutions. Konsentus Limited specializes in the development of secure open finance solutions. The company was founded in 2018 in the United Kingdom by Mike Woods, who has prior experience in founding and leading companies in the technology sector. Konsentus has raised a total of GBP 2.

50 million across its funding rounds, with the most recent Seed funding round occurring on February 19, 2021, led by Conviction VC, valuing the company at GBP 34. 27 million post-money. Konsentus specializes in the creation, implementation, and management of trusted open finance ecosystems, primarily through three core product offerings: Konsentus Verify, the Konsentus Open Trust Platform, and the Konsentus Certificate Chain Service. Konsentus Verify provides identity and regulatory validation, enabling seamless interaction with authorized participants in open finance ecosystems, facilitating secure data exchanges.

The Konsentus Open Trust Platform helps build and maintain secure open trust frameworks, while the Certificate Chain Service simplifies the onboarding process of third-party participants by managing eIDAS certificate trust chains. These products address the complexities and security concerns associated with open banking and finance, ensuring financial institutions and service providers can operate efficiently in compliance with regulations. Konsentus serves a global client base, including over 250 financial institutions across various regions, with a notable presence in Europe, the UK, and markets undergoing open finance regulations, such as Colombia. Konsentus primarily generates revenue through subscription-based models and partnerships with financial institutions and service providers.

Clients engage with Konsentus by integrating the company’s technology solutions into their operations, often involving a recurring fee structure based on the services utilized. The pricing plans are structured around the core offerings, with applicable fees for various tiers of services, such as Konsentus Verify for real-time identity validation or the Open Trust Platform for building secure frameworks. This transactional structure facilitates ongoing relationships with clients, who benefit from enhancements to their operations while ensuring compliance with open banking regulations, supporting secure and efficient data sharing in an interconnected financial landscape. In February 2021, Konsentus Limited raised GBP 2.

50 million in Seed funding, led by Conviction Investment Partners Limited. This funding, which values the company at GBP 34. 27 million post-money, will be utilized to expand its product offerings and enhance its technology solutions. The company plans to develop new products aimed at addressing evolving market needs while also targeting expansion into new geographic regions, specifically focusing on markets with developing open finance regulations.

The strategic growth plans are designed to leverage the recent funding to enhance product capabilities and support further market penetration.