FullCircl Reports Record Q2 Results and Completion of Successful Debt Refinance Unlocking Further Growth Capital

▤ Summary

The business saw new order intake increase by 96% year-on-year, translating into double digit compound growth in revenue and not at the expense of EBITDA positivity which the Group has maintained. These numbers reflect the unique opportunity FullCircl see to lead in the provision of a single platform that drives revenue accretion and regulatory compliance as a viable alternative to fragmented point solutions.The lineage of FullCircl, created just two years ago, comes from the integration of three UK businesses Artesian Solutions, DueDil, and W2 Global Data brought together with a single platform vision helping customers drive revenue but with a strong emphasis on addressing compliance, risk and regulation from the very beginning.Andrew Yates CEO at FullCircl commented "Our vision was to create FullCircl as a single platform which uniquely aligns revenue growth with risk and regulatory adherence - as an attractive alternative to fragmented point solutions which make integration across Customer acquisition, onboarding and ongoing monitoring complex, expensive and time consuming, at a time when the pressure is on to reduce complexity, reduce cost to serve and say yes (or no) faster. The largest debt deployment in the history of the Salica Growth Debt Fund, this deal underscores the strength of FullCircls proposition and market confidence in its ability to continue on such a strong growth trajectory.This new injection of capital will be pivotal in fuelling the next stage of FullCircls journey - helping fund its extensive new product development in the area of transaction monitoring, adding to its existing AI capabilities, grow its share of the identity verification (IDV) market, deepen its broad range of Smart capabilities, and strengthen its strategic partnerships. The debt facility we have provided, the largest in our companys history, is a reflection of the exceptional team at FullCircl who are solving a critical and complex challenge, thats worsening for many regulated businesses who are seeing an increase in fraud, driven by new generative AI technologies. By embedding KYB and KYC from the very beginning of the customer engagement, FullCircl has compliance solved.FullCircl was formed following the acquisition by Artesian Solutions of DueDil and is backed by top tier investors including Octopus Investments, Notion Capital and Augmentum Fintech.

$ Funding

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FullCircl

$5M to $10M