CR2 (company) explained

CR2
Type:Private
Area Served:Worldwide
Foundation:1997
Location:Dublin, Ireland
Num Employees:190
Industry:Computer software
Products:BankWorld

CR2 is an Irish-owned banking software company which provides mobile, internet and ATM financial service technology to more than 100 retail banks across Africa, the Middle East and Asia.[1] [2] Headquartered in Dublin, Ireland,[3] [4] the company has offices in Dubai, London, Cairo, Amman, Bengaluru, Lagos, Johannesburg, Singapore and Perth.[5] Its customers include ANZ, Barclays, Standard Chartered, Botswana Savings Bank, Jordanian Bank al Etihad,[6] pan-African bank Orabank,[7] and Nigeria’s Access Bank plc[8] and Diamond Bank.[9]

History

Founded in 1997 by two former Kindle Banking Systems directors,[10] and part of the fintech portfolio of Ireland's state economic development agency Enterprise Ireland, CR2 is an Irish software company that provides banking products and services to financial institutions in emerging markets.[11]

By 2000, after a series of venture capital cash injections and investment from directors, and the acquisition of London-based Interlink for £10m [12] and was valued at more than $27m.

With investors backing CR2 to the value of €34.5 million since its foundation in 1997, the company emerged from the Dot-com bubble crash of late 2000/early 2001, to report an increase in revenue by posting a turnover of €16.4m in 2002.[13]

An additional R&D funding round to the value of €10m was completed in 2005.[14]

By 2012, the company was placed on the market with a value of more than €60m.[15]

In May 2024, HPS announced the acquisition of CR2 for an undisclosed sum.[16]

BankWorld

CR2 is best known for its digital banking platform, BankWorld.[17] It features mobile and internet technology for retail and corporate customers; integrated ATM technology with switch, card management, production, monitoring, screen design, support tools as well as POS (or point of sale) acquiring and payment systems; SMS push and pull and USSD; with APIs that enable third-party channel integration and innovation.[18]

Awards and recognition

Notes and References

  1. Web site: Banking Solutions. icl.bw. en-US. June 12, 2018. May 25, 2018. https://web.archive.org/web/20180525200207/http://www.icl.bw/Products-Solutions/Banking-Solutions1. dead.
  2. News: CR2 in Middle East bank deal - Companies siliconrepublic.com - Ireland's Technology News Service. silicon. June 12, 2018. Silicon Republic. June 29, 2018. en-GB.
  3. News: CR2 Park West. Park West. 2018-06-29. en-US.
  4. Web site: CR2 Competitors, Revenue and Employees - Owler Company Profile. owler.com. June 29, 2018.
  5. Web site: Omnichannel Banking Worldwide Offices. CR2 EN. en-GB. June 29, 2018. June 29, 2018. https://web.archive.org/web/20180629155102/http://www.cr2.com/en-gb/about-us/offices. dead.
  6. News: Ireland's FinTech Map. Ammeon. en.
  7. News: Orabank met le cap sur la banque en libre-service Republic of Togo. www.republicoftogo.com. September 12, 2018. en.
  8. News: CR2 CR2. Access Bank Nigeria to modernise ATM, Internet and Mobile banking channels with CR2’s BankWorld. 2019-06-14. en-US. 2016-04-09. https://web.archive.org/web/20160409035711/http://www.cr2.com/en-gb/news/2015/10/access-bank. dead.
  9. News: CR2 Unveils New CEO and CFO Finnovate. Finnovate. September 16, 2018. en.
  10. News: CR2 raises further $7.5m in funding for R&D - Independent.ie. Irish Independent. June 26, 2018. en.
  11. News: Ireland’s fintech ecosystem-Silcon Republic. siliconrepublic.ie. en.
  12. News: CR2 buys UK firm for £10m -Irish Independent. irishindependent.ie. en.
  13. News: CR2 cuts losses to €6 million, predicts profits in 12 months. Irish Times. en.
  14. News: CR2 secures EUR10m funding -Finextra. fixextra.com. en.
  15. News: Dublin banking software firm CR2 goes on the block-the.times.co.uk. The Times (UK).
  16. News: HPS acquires CR2. HPS Corporate Announcement. en.
  17. Web site: Gartner Peer Insight. gartner.com. en-US. September 29, 2018.
  18. Web site: CR2 BankWorld. softwarereviews.com.
  19. Web site: On the Radar: CR2 provides a sophisticated channel offering for Internet, mobile, ATM, and kiosks. Ovum.
  20. News: CR2 recognised for delivering ‘Excellence in Channel Banking Software Solutions . Business Day (Nigeria).
  21. News: Mobile money: Banks only have to cooperate or compete with telcos, says CR2. Vanguard (Nigeria).

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "CR2 (company)".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.