Irish fintech firm Kyckr raises over €3m after IPO in Australia

Compliance company also acquires Waterford-based Global Business Register

Kyckr, a fintech start-up founded by Irishman Rob Leslie, has raised about AUS$5 million (€3.4 million) after listing on the Australian Securities Exchange (ASX) in Sydney.

The compliance company has also acquired Global Business Register (GBR), which is based in the ArcLabs innovation centre in the Waterford Institute of Technology.

Financial details of the deal were not disclosed.

GBR was founded in 2007 by Mr Leslie and Ben Cronin, a former Irish international rugby player.


Irish hub

Although Kyckr has listed on the ASX, Mr Leslie said Ireland would continue to be the global IP tech hub with the rest of the world supplying business development support.

Mr Leslie is also a founder of Sedicii, a Waterford-based company that was last year named as one of the World's Economic Forum's most promising technology pioneers, joining a list of past recipients that includes Google, Wikipedia, Mozilla, Kickstarter and Dropbox.

Kyckr provides “know your business” compliance services to clients in sectors vulnerable to fraud and money laundering. Kyckr’s cornerstone automation client is Bank of Ireland

The company is the the second Irish business to float on the ASX, after Oneview Healthcare in March.

Charlie Taylor

Charlie Taylor

Charlie Taylor is a former Irish Times business journalist