Member Article

DueDil sees triple-digit sales increase on the back of international growth

Tech firm DueDil has enjoyed a bumper second quarter in 2016 after attracting a raft of high-profile clients and a significant jump in enterprise sales.

PayPal, Securitas Ireland and Currencies Direct have all signed up for the London-based data intelligence company’s platform in Q2 as enterprise sales jumped 118% year-on-year.

It means it is the most successful sales quarter to date for the FinTech posterchild and is underlined by continued growth in the number of international clients, with renewed interest from the US following Brexit.

Commenting on today’s figures and the ongoing impact of the EU referendum, co-founder and Chief Executive Damian Kimmelman, believes that the Brexit vote has created even more uncertainties for businesses to navigate which will create more sales opportunities for the business.

He said: “Uncertain times create more risks for companies to avoid, but they also generate more opportunities to take advantage of.

“UK and international businesses increasingly understand that DueDil’s accurate, timely information about any company helps them do both, enabling them to act effectively and make better decisions.

“This has resulted in our record sales figures, and with the Brexit vote adding to economic uncertainty, I expect even stronger demand for our services.”

Since its foundation in 2009, DueDil has become a leading light in the capital’s booming tech sector and launched its new lists feature earlier in the year, expanding its range of business intelligence tools as it primes for further international expansion.

With this in mind, Damian added: “The Brexit vote provides a clear imperative to accelerate our efforts to become an international company, and we will carefully evaluate how to best achieve that objective.

“However, we will also build our presence in London and hire staff here, as the UK continues to be a great base to build a global fintech company.”

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