SmartSearch has introduced an settlement to accumulate Credas Applied sciences Ltd, a well-established supplier of id verification options tailor-made for the authorized and property sectors.
Topic to regulatory approval, this strategic acquisition considerably bolsters SmartSearch’s standing as one of many UK’s premier digital Know Your Buyer (KYC) and Anti-Cash Laundering (AML) compliance platforms.
The combination of Credas’ revered model and specialist expertise will increase SmartSearch’s product portfolio and market attain, delivering enhanced flexibility and worth to purchasers throughout regulated industries. This mixed experience is anticipated to speed up innovation, enhance buyer expertise, and assist ongoing progress amid an more and more complicated regulatory panorama.
Credas at present serves over 1,000 purchasers within the authorized and property sectors, streamlining onboarding processes and bettering buyer journeys. The acquisition enhances SmartSearch’s current base of greater than 7,500 purchasers and builds on its spectacular 31% year-on-year progress since 2013. This transfer follows a major personal fairness funding from Triple Personal Fairness in 2024, underpinning SmartSearch’s formidable growth technique.
Phil Cotter, CEO, SmartSearch, commented: “Regulated corporations are underneath stress to satisfy rising KYC and AML calls for whereas delivering seamless onboarding. By becoming a member of forces with Credas, we mix our strengths to ship unmatched innovation and repair. Our purchasers will see rapid advantages as we proceed to set the usual for digital compliance.”
Tim Barnett, CEO, Credas, added: “With monetary crime on the rise and fraud techniques evolving, digital id verification is extra crucial than ever. Partnering with SmartSearch empowers us to assist much more companies shield themselves and give attention to delivering high quality service.”
