DueDil and Artesian have announced that they are merging! According to the announcement the combination of DueDil and Artesian’s unique strengths are to turn the combined company into the most powerful player in the FSI space.
Ultimately, customers of both DueDil and Artesian will have bolstered capabilities for:
- Prospecting
- Customer Engagement
- Risk & Opportunity Selection
- Onboarding
- KYC/KYB
- Insurance Underwriting
- Customer Lifecycle Management
All of this is made possible by the authoritative data and customisable automation born from the combination of Artesian Connect + DueDil API. Artesian Connect automates key aspects of the business process with its decision engine and configurable rules. It’ll be enriched by billions of data points a day brought in by DueDil Business Information Graph (B.I.G.) to provide a comprehensive and accurate view of every UK and Irish company — right in the palm of your hand. To learn more about this merger, click here.
Back in August DueDil announced to enter into a strategic partnership with Artesian, however according to a commentary by Fintech Futures stated that the deal was actually a merger.
Founded in 2010, DueDil last raised funding in June 2019, a £1 million injection from backer Augmentum Fintech. DueDil has raised a combined $53.4 million in funding across 11 rounds. It last filed accounts with Companies House in December 2018, when records showed the company made a loss of £5.5 million. At the end of July, the company filed a debenture between itself and Growth Lending 2020. The latter is an alternative lender which describes itself as offering capital for “high growth firms” where traditional banks won’t.
Data insights firm Artesian, founded in 2006, has raised $15.9 million in funding across five rounds between 2012 and 2020. It last secured backing in March 2020, when Shawbrook Bank provided an undisclosed sum of debt financing.
Source: DueDil and Artesian Announcement and Fintech Futures
