London, UK, 15th September 2021: There have been several milestone moments in the evolution of Artesian and DueDil; moments when we believe we opened the door to a new era of opportunity.
Today we are truly excited to announce our biggest shared milestone to date – the merger of our two companies!
Over the last decade, Artesian and DueDil have set the pace of innovation in the UK’s company intelligence space and in recent years, have become major players in the rapidly evolving B2B FinTech/RegTech market; Artesian solving many of the complex challenges impacting the frontlines of banks and insurers, and DueDil helping FSI businesses meet the regulatory and compliance needs of the middle and back office.
Combining the best of both platforms – DueDil’s Business Information Graph (B.I.G.)™ and Premium APIs, and Artesian’s powerful web application and advanced rules engine – delivers an easy to deploy solution for banks, insurers and FinTechs to engage, onboard and grow the right business customers for life.
Ultimately, customers of both DueDil and Artesian will be able to do better business, faster, by using market-leading data and insights on businesses, combined with flexible solutions to automate B2B customer engagement, onboarding and in-life monitoring.
- Find the *right* customers – Pinpoint the customers you want based on risk profile and opportunity – use insights to get them talking about the things which are important to them
- Onboard them *faster* – Frictionless straight through onboarding with robust KYC/KYB compliance and audit
- Keep them for *life* – Real-time insights and continuous in-life monitoring to identify risks and opportunities and assist with customer remediation
Ian Isaac, Managing Director at Lombard commented, “This exciting merger announcement brings together two exciting UK FinTechs both of which play a role in the broader NatWest group – Artesian providing client relationship intelligence for our frontline and business development teams and DueDil with their integration with Mettle helping us completely automate business account opening. I am looking forward to seeing what the combination of these two innovators will bring.”
Andrew Yates, CEO of Artesian, comments: “Our new company will be able to make strategic investments for sustainable and profitable growth, remaining agile to new opportunities whilst keeping focussed on leveraging our newly combined strength to drive greater value for our customers. I speak for every member of the team in saying we are excited to embark on this new chapter together.”
Justin Fitzpatrick, CEO of DueDil echoed: “Over the past decade, DueDil and Artesian have delivered some of the most innovative and successful technology solutions, tackling the financial service market’s biggest client lifecycle challenges. We will continue to draw on this experience together, to push the boundaries even further.”
In a joint statement, Venture Capital investors Notion Capital and Octopus Ventures commented:
“The UK is one of the leading financial centres in the world, supported by a technology ecosystem built around trust, security and innovation. The combination of Artesian and DueDil creates an exciting growth company chasing an enormous opportunity in the FinTech market. We are thrilled to play our part in supporting them on that journey.”
The new company will be headed by Andrew Yates as CEO, with DueDil’s CEO, Justin Fitzpatrick, remaining at the company to lead the integration of the two companies and help position the combined business for continued future growth.
The wider leadership team contains individuals from both Artesian and DueDil, and is working smoothly for the benefit of the combined base of more than 600 customers and 15,000 end users.
To find out more, visit better-business-faster.com