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Written by kompany
on December 03, 2021

We are pleased to announce today that kompany has entered into a definitive agreement to join Moody’s Analytics in 2022, pending regulatory approval. This agreement was signed December 2nd, 2021 and closing is expected in Q1 of 2022. This decision represents an exciting next step in kompany’s mission to continue setting the standard for real-time business verification

A retrospective: how did kompany arrive here?

Over the past year we’ve been evolving with a powerful momentum at our backs. Despite the unique challenges presented by the pandemic, we successfully grew our team by more than 50% over a 12-month period during the height of crisis. In 2020, we also welcomed two new investors on board to support our continued growth: Global Brain, one of the largest venture capital firms in Japan and Fairway Asset Management, a private equity firm based in Zurich, Switzerland. They joined existing investors European Super Angels Fund, Elevator Ventures, UNIQA Ventures and Hermann Hauser Investment in the backing of kompany.

And at the beginning of this year, we celebrated the commercial launch of UBO discovery, our cross-border shareholder discovery tool. We also participated in Hong Kong Fintech Week, joined the Corporate Registry Conference in Uganda, sat down for a recording of the AML Talk Show with RiskScreen and formed many integral partnerships with fellow technology leaders around the world. These activities happened simultaneously as our team continued with the steady expansion of our register network, to the benefit of both our KYC API and cloud users. It’s been a busy year to say the least.

But our story begins nearly a decade ago, in 2012, when the term regulatory technology was in its infancy and under the shadow of FinTech. Even the term KYB, or Know-Your-Business, had not yet been coined. However, our founders – who have sat on both sides of the table as buyers and sellers - discovered a due diligence process that was bursting with opportunities for optimisation. The recognition of RegTech as a stand-alone sector would soon follow (it’s been estimated that the global RegTech market will be worth USD 15.8BN by 2026).

Today kompany is proud to be recognised as one of the first to build a dynamic, proprietary network offering real-time access to commercial and government registers in more than 200 jurisdictions around the world, and to be licensed as an official government clearing house.

Sustainable growth and a brighter future together

The growth we have achieved over the past decade would not have been possible without our clients’ trust in our platform and business verification services. We have also successfully evolved our capabilities thanks to our incredible and diverse team of KYB professionals. We now look forward to an even brighter future with the full support of Moody’s Analytics’ global team behind us.

Together, we have the opportunity to accelerate our joint product development efforts, with access to a broader range of business verification resources in new markets and geographies. kompany’s entity verification services fit natively into Moody’s platforms and complement our collective KYC services. Our teams will be able to leverage one another’s global expertise and technical capabilities to continue making anti-money laundering compliance a streamlined task for more companies around the world.

Words from our CEO and co-founder

“This new relationship is all about investing in our collective future and mission. We have been transparent about our ambitious expansion plans over the next few years and the incredible potential for our products and services in new sectors and markets. Being part of Moody’s represents the best possible route to meeting these goals and helps us accelerate the achievement of our mission to transform the burden of AML compliance into a competitive advantage.” said Russell. E Perry, CEO and Co-Founder of kompany.

You can read the press release on Moody’s website by clicking here.

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