WE BELIEVE TRANSPARENCY AND CONTROL PREVENTS FRAUD BEFORE IT STARTS

B4 helps organisations discover fraud and financial damage along with inefficiencies in their financial workflows. Today, our software myB4^TM gives teams the tools they need to understand their data, flag anomalies, and act on warning signs with confidence. However, our story begins nearly half a century ago.

July 1980

Nigel Iyer, CEO and co-founder, aged 16 stumbles over his first fraud (literally) while working for a chartered accountant firm. Over 300 wagebooks stored in boxes revealed abuse of illegal immigrants in a Manchester clothing factory. It led Nigel to realise fraud is everywhere, and accounting systems are like crime-scenes waiting to be analysed.

1985-1999

The first, simple algorithms to analyse data and find fraud are developed. Nigel joins "Network" headed by Michael J. Comer and Martin Samociuk.

Oct 1997

Matt Gilham and Nigel Iyer discovers the Trustor case, using their "Attention to detail"-methodology. One of the biggest frauds in Sweden ever, involving a British Lords.

1999

Hibis is founded by Martin Samociuk, with the goal of developing and refining techniques for finding fraud and corruption before it is too late. This company, with its people and methodologies would eventually spin off into what became B4.

2000-2016

Key individuals like John Walhoff, Veronica Morino, and Nigel Iyer work at Hibis, developing approaches like "Think-Like-a-Thief" and Fraud-i. The algorithms are refined further, and developed in "Arbutus Analyser", they are successfully used to detect major fraud and briberies at ABB Sweden in 2005, and Russian infiltration into European power grids in 2016.

The B4 Era

Jan 2020

B4 is founded by John Walhoff and Nigel Iyer. At this stage, algorithms are run in the Arbutus Analyser model for organisations to support remote investigations.

2022

First major round of investment enables the myB4.ai SaaS-platform to be developed. IBM commence a cooperation with B4.

2023

B4 engages Shibuya in a strategic partnership. The algorithms are refined to the version you see today, and the Risk Index is developed along with several complimentary tools like Insights and Footprint.

Feb 2024

myB4 is released in a stable version.

WE BELIEVE TRANSPARENCY AND CONTROL PREVENTS FRAUD BEFORE IT STARTS

To be continued

Meet the B4 Team

Nigel IYER

CEO/Co-Founder

John WALLHOFF

Director/Co-Founder

Anil IYER

Director/Co-Founder

Jason P. BAYNE

CCO

Christian KALBAKK-BØHLER

COO