What Deaflo do
Dealflo provides unique, end-to-end financial agreement automation services.
Since being acquired Dealflo have rebranded to “OneSpan”. It processes more than $10bn of financial transactions annually for companies including BNP Paribas, BMW and Prudential in a single service. It reduces risk and cost, increases conversion and improves user experience by automating the entire process.
OneSpan users are protected by ensuring that all agreements fully comply with the mandated process whether being signed online, in a retail store or alongside an intermediary. It increases enforceability with the strongest evidence available, meaning less risk from a legal, compliance and financial perspective.
£41m OneSpan acquired Dealflo in May 2018
>700 More than 700 professionals in 23 countries
10K Over 10,000 clients, with half the top 100 banks
Why we invested in Dealflo
Dealflo have the capability to work across a very broad market. Increased regulations and compliance now require all financial services firms to be more vigilant around security and identity fraud. They are looking to technology to increase transparency and efficiency.
Dealflo’s vision for the market and product offering met a significant pain point of many large international players. With the rise of digital banking, Dealflo’s combination of frictionless customer experience and ID verification technology was certain to perform well in their market.
Dealflo was entering the core scale-up mode: internationalising, expanding sales & marketing, building their product and sealing key partnerships. As scale-up investors Frog were able to help Dealflo navigate this crucial, business-defining stage.
“Throughout the investment process, Frog Capital felt like a natural fit for Dealflo. Their record in nurturing high growth companies, their emphasis on shared values, their deep sector knowledge and their desire to offer practical support speaks for itself.”
Abe Smith, Founder & CEO, Dealflo
Abe Smith – CEO, Dealflo
Mike Reid – Senior Partner, Frog