Kyckr, which was founded in Arclabs Research & Innovation Centre Waterford, by entrepreneur Rob Leslie, Ben Cronin, John Murray and Richard Wood in 2007, raised AUS$5 million (€3 million) after listing on the Australian Securities Exchange (ASX) six years ago. Richard White, who founded Australian technology company WiseTech Global in 1994, will acquire 100% of the company via his personal investment vehicle RealWise KYK AV Pty Ltd. WiseTech Global has a market capitalisation of over $AUD 16 billion. According to The Business Post; the deal is worth AUS $43.5 million (€28 million).
Kyckr enables organisations to verify, onboard and monitor their customers with instant access to primary source company data. This helps businesses to avoid the regulatory and commercial costs associated with using poor quality data and to succeed in the fight against financial crime.
Kyckr achieves this with real-time access to aggregated corporate Know Your Customer/Know Your Business (KYC/KYB) and Ultimate Beneficial Owner (UBO) data from more than 300 company registries and primary sources worldwide. The business has raised more than $18 million in funding to date!
Kyckr CEO Ian Henderson said:
“The Kyckr team is delighted to have the strategic guidance, support, and vision that successful tech-entrepreneur and founder 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 challenges that they face in an increasingly interconnected and digital marketplace.”
Learn more about Kyckr here.