Due Diligence Data Provider Kyckr Acquired

Kyckr, a London-based supplier of legally-authoritative B2B customer and supplier data, has been acquired by Australian billionaire tech-entrepreneur Richard White, through his personal investment vehicle RealWise. Terms were not disclosed.

Kyckr provides businesses with real-time access to aggregated corporate Know Your Customer / Know Your Business data (KYC / KYB) - which allows banks and other financial institutions to confirm the identity of the organisations and individuals they do business with - and Ultimate Beneficial Owner data (UBO) from more than 300 company registries and primary regulated sources around the world. This allows organisations to undertake real-time due diligence on more than 120 million companies globally and ensure regulatory compliance by better understanding their customers and suppliers.

White (pictured) founded and owns over 40% of logistics sector software firm WiseTech Global, which has a market capitalisation of over $AUD 16 billion. White says the deal provides the opportunity to replace manual processes and aggregate real-time data from disparate sources, to provide a scalable KYC/KYB/UBO tech platform.

Kyckr CEO Ian Henderson adds: 'The Kyckr team is delighted to have the strategic guidance, support and vision that Richard White provides. We are embarking upon an exciting evolution of our powerful offering to broaden its scope by building an integrated global software solution to enable businesses to navigate the highly complex and dynamic compliance and counterparty risk management challenges that they face in an increasingly interconnected and digital marketplace'.

Web sites: www.wisetechglobal.com and www.kyckr.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.