FullCircl, a London, UK-based provider of a customer lifecycle intelligence (CLI) platform, acquired W2 Global Data Solutions, a Cardiff, UK-based provider of real-time digital solutions for global regulatory compliance.
The amount of the deal was not disclosed.
The acquisition strengthens FullCircl’s compliance suite to become the market leader in smart customer onboarding solutions for regulated businesses. The combined company now provides coverage on entities located in 160 countries, offers broader market appeal, and new opportunities to target consumer-related finance segments such as personal finance, gaming, gambling, and crypto.
Led by Warren Russell, Founder and CEO, W2 provides know your customer (KYC), anti-money laundering (AML), document verification, know your business (KYB), and financial risk checks through a single orchestration platform. Its solutions enable regulatory compliance for both onboarding and ongoing monitoring on a global scale. W2 provides 480 services leveraging data from 21 different suppliers. It offers real-time access to official company filings from over 365 million entities in over 160 countries. Through a single API integration, the company processes over 300 million onboarding and monitoring transactions per month and facilitates the onboarding of 200,000+ client customers annually. W2 brings 120 customers to FullCircl’s 600-strong customer base, with no overlap.
Led by Andrew Yates, CEO, FullCircl is a Customer Lifecycle Intelligence (CLI) platform that helps B2B companies in financially regulated industries do business, faster. Its solutions allow front and middle office teams to win the right customers, accelerate onboarding and keep them for life. Data enrichment provides a comprehensive customer view and a low-code rules engine reduces the regulatory burden and drives greater automation. Through its web applications and APIs, it reduces the cost to acquire and serve the right business customers.
Under the terms of the agreement W2 will trade as “W2 by FullCircl”. Warren Russell will continue to lead the business and will join the senior management team at FullCircl. FullCircl will also seek to retain the W2 team, recognising that the value of W2 lies in the combination of its product, data partnerships, customers, and talent.
FinSMEs
23/08/2023