Meysey Technology

Meysey Technology is a UK-based startup specializing in AI-driven fraud protection for small and medium-sized enterprises (SMEs). Founded in 2023 by Oliver Crofton and Drew Rathbone, the company was established to address the significant and often crippling impact of financial fraud on businesses. Crofton, the CEO, brings over 15 years of experience in digital forensics and cyber investigations, while Rathbone has a deep background in product development.

The company's core product is a cloud-based software that integrates with existing accounting platforms like Xero to continuously monitor financial data. It operates by scanning for anomalies and high-risk issues across a company's entire commercial landscape, including suppliers, customers, transactions, and employees. Key features include automated invoice and transaction checks, payroll validation, supplier and customer vetting, and behavior analytics to identify unusual activity. This automated approach to due diligence and financial governance is designed to be accessible to non-technical users, enabling SMEs to deploy enterprise-level fraud prevention without the need for large, specialized teams.

Meysey's business model is centered on its software solution, which can be used as a standalone platform or integrated with accounting tools. The company's mission is to make robust fraud detection and prevention accessible and affordable for the SME market, which is often more vulnerable due to limited resources. In March 2024, Meysey secured £250,000 in a pre-seed funding round led by the venture capital firm QVentures, along with other angel investors, to further enhance its software and expand its partner network.

Keywords: AI fraud detection, SME fraud protection, financial fraud prevention, automated transaction checks, payroll fraud management, supplier validation, invoice scanning, fraud resilience, accounting software integration, financial governance, corporate compliance