Our founder, Adrian Black, worked with the police, AutoTrader, eBay and others to create VSTAG, an industry forum to combat fraud in automotive advertising. Whilst chairing VSTAG, Adrian gained an understanding of sharing data and intelligence to verify entities and highlight fraud risks; this led to a pilot project and was the seed that developed into a first iteration of Contego.
An introduction from law enforcement, to help address the rise in fraudulent companies operating in the City of London – largely via virtual offices, resulted in the platform being further developed and our first FTSE250 contract with Regus plc.
Since then, new and secure data sets have systematically been added, opening up new opportunities in different industry sectors – performing AML/KYC checks, fraud investigation and reduction.
With the support of our investors and our data partners, we continue to develop the functionality of the Contego platform. The addition of international data and automated workflow capabilities have turned Contego into the sophisticated risk-management platform we have today.