Contingent

Contingent is a London-based supplier insight platform founded in 2020 by Tai Alegbe and Raj Wilkhu. The company offers a cloud-based Software-as-a-Service (SaaS) solution designed to streamline and improve procurement processes for businesses. Contingent's platform provides real-time insights and analysis of suppliers and businesses, helping organizations comply with regulations, reduce third-party risk exposure, and enhance team efficiency. The software covers various insight domains including financial stability, ownership, legal compliance, quality, cybersecurity, and Environmental, Social & Governance (ESG) factors.

The platform integrates seamlessly into existing procurement workflows and technology ecosystems, offering a lightweight and proactive tool that fits into an organization's procurement processes. Contingent's solution aims to address the common issues in traditional supplier onboarding processes, which often involve time-consuming questionnaires and reliance on supplier self-certification. By providing up-to-date analysis and continuous monitoring, Contingent enables companies to be proactive in managing supplier relationships and associated risks.

As of March 2022, Contingent's global customer base had been growing at over 10x per annum. The company has raised a total of USD 11 million in funding, with its most recent round of USD 8.2 million led by Octopus Ventures in March 2022. This funding is being used to develop Contingent's suite of modular SaaS applications and expand internationally, with a focus on the US and European markets.

Key customers and partnerships

Contingent's platform is used by procurement and supply chain teams at various companies, including Monzo, Seagate, Huel, Barratt Developments plc, and HM Government. The company's customer base spans different industries, demonstrating the versatility of its solution in addressing procurement challenges across various sectors.