DueDil Opens New Trade Opportunities for Millions of Companies Across the Uk and Europe

DueDil Opens New Trade Opportunities for Millions of Companies Across the Uk and Europe
02.03.2017 11:30 am

DueDil Opens New Trade Opportunities for Millions of Companies Across the Uk and Europe

Platform Technology

DueDil, the company information platform, has today announced it is expanding the coverage of its company data, which is set to enable new trade opportunities for millions of companies across the UK and Europe.

With over 11 million companies, DueDil is the largest, most reliable source of company information for the UK and Ireland. DueDil’s platform maps information on both private and public companies, from official sources such as Companies House, with information about credit risk, group ownership, news alerts, and historic financials. Businesses use this information to make informed decisions, discover new trading opportunities and mitigate risk.

DueDil is on a mission to become the world's largest source of company information, and in 2016 received a Horizon 2020 Grant from the European Commission to aid DueDil’s expansion across European markets.

In the next month, DueDil will expand coverage to an additional 29 million businesses across France, Germany, Benelux, and the Nordics, with more European companies to follow later this year. The additional European coverage will make it easier for businesses make more informed decisions on trade, discover new customers and help access liquidity across the continent.

For example, an alternative finance provider can now use the platform to better assess the risk of lending to a new German customer. A French-based distributor can use the platform to discover new prospects in the UK that fit their profile. Additionally, banks can use the information to better understand their business banking clients to help support their growth ambitions.

DueDil aims to have 100 million companies on its platform by the end of the year, and over 200 million companies globally by the end of 2018.  

Damian Kimmelman, CEO of DueDil, said, “Private companies are the lifeblood of the UK and European economy. However, as countries become more insular in their mindset, the levels of trust towards businesses from other countries will decline.

“Clearly trade must continue if we are to create thriving businesses and prosperous economies. Our hope is that by making private company information more accessible across Europe, we can help re-cast trust in cross-border trade in this brave new world.”

In addition to its European expansion, DueDil is also announcing the DueDil API, which will allow DueDil customers to integrate data and insights directly into their workflow. The API can be integrated in a wide variety of applications to help businesses identify opportunities and mitigate risks. These include:

  • API Essentials: Improve user experience and data collection by auto-populating website forms and CRM systems with accurate business data.
  • API Financials: Streamline financial decision-making by allowing the API to populate a complete view of a company's financial history.
  • API Ownership: Access deep information on directors, shareholders and group companies to understand ownership.

Related News

Mphasis Digital Risk leverages Mendix low-code platform to enable fast, effective digitalization for the financial services industry

Mendix, a Siemens business and the global leader in enterprise low-code, today announced that... Read more »

Twenty7Tec Group signs agreement with Primis

Twenty7Tec, a leading provider of technology solutions to the mortgage industry, today announces that it has entered into a five-year agreement to provide its... Read more »

Diginex strengthens partnership with Itiviti and leverages Tbricks Automation Platform for institutional cryptocurrency clients

Itiviti, a leading technology, and service provider to financial institutions worldwide, today announced... Read more »

Omio launches Open Travel Index to help navigate new travel era

Following the FCO’s downgrading of advice regarding non-essential travel on Friday 3 July, and confirmation of ... Read more »

Apropos delivers for self-managing landlords

Digital property management platform, apropos, provides a solution for self-managing landlords who have previously lost faith in letting agents and decided to... Read more »

LemonadeLXP enhances digital transformation tool, helps FI call centers reduce handling times

LemonadeLXP, the all-in-one learning experience platform for financial institutions, has enhanced its digital adoption platform, Digital Academy... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel