Duedil Explained

DueDil (t/a FullCircl)
Registration:Required
Language:English
Num Employees:110 (2019)
Revenue:£4.1 million (2017)
Key People:Justin Fitzpatrick (CEO)

DueDil is a company intelligence platform covering the SME economy. In August 2021 DueDil merged[1] with Artesian Solutions and subsequently rebranded as FullCircl.[2]

Services and products

DueDil pulls in data from a wide range of sources and digitises it, allowing users to search for information, find new customers and mitigate risk.[3] [4]

Company search results provide information including up to 20 years of financial data, mortgages, investments, red flags,[5] litigations, and group ownership structures.[6] [7]

Director search results show individual director profiles, including full name, birthdate, nationality, known aliases, timelines of current and previous directorships, and social media profiles.

DueDil features include an alert function that allows users to track and receive updates on companies of interest, detailed company and director search filters, financial metrics, news, group graphs, charts, and integration with social networks.[8] In March 2017, DueDil released the fourth version of its API to allow businesses to integrate DueDil data with their internal systems.[9] Through a partnership with Callcredit Information Group, DueDil provides a service that allows users to conduct verification checks on businesses and connected individuals at the same time.[10]

History

DueDil was co-founded by American entrepreneur, Damian Kimmelman in 2011[11] and Justin Fitzpatrick.[12] The company launched at TechCrunch’s ‘GeeknRolla’ conference on 21 March 2011, winning ‘Best Startup’.[13] In February 2018, co-founder Justin Fitzpatrick stepped into the role of CEO.

The company has been nominated for numerous awards and is recognised as one of the UK's most promising financial technology companies.[14] [15] [16] [17] [18] [19] DueDil was named by Wired magazine in 2013 as one of Europe's hottest startups,[20] and in 2016 Bloomberg named the company as one of its Business Innovators.[21] The UK government's Cabinet Office transparency team has also cited DueDil as a business providing innovative services using open data.[22]

CEO Damian Kimmelman was named as 'International Entrepreneur of Year' at the inaugural Tech City News Hall of Fame awards in June 2014,[23] and in October 2014 as one of the 1,000 most influential Londoners by the Evening Standard.[24]

Significant campaigns launched by DueDil include research by with the Centre for Entrepreneurs into levels of company formation by immigrants in the UK, showing that migrant entrepreneurs have created one in seven UK companies.[25] [26] [27] [28] [29] [30] [31] DueDil also provided the data behind the first-ever Tech Nation report, which charted the growth of the UK tech sector.[32] Since 2015, the London Stock Exchange Group has used DueDil data to create its "1000 Companies to Inspire" report.[33] [34] [35] [36]

Since 2011, DueDil has raised nearly $30m from investors in the US and UK, including Oak Investment Partners, Passion Capital and Notion Capital.[37] [38] [39] DueDil received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 733164.[40]

DueDil data has been regularly cited in the business press. Research by DueDil found that one in five directors of UK tech companies are foreign citizens, with a significant increase in the number of EU nationals in founding positions since 2010.[41] In 2017, DueDil revealed high street banks charge small firms 20% interest.[42] In 2018, DueDil research revealed that only 13% of women held top directorships in Britain, demonstrating a significant gender pay gap in senior leadership.[43]

Notes and References

  1. Web site: DueDil to merge with Artesian Solutions due to "lack of funding" . 11 August 2021 .
  2. Web site: Artesian:DueDil Becomes FullCircl and is Set to Dominate Customer Lifecycle Intelligence . March 2022 .
  3. https://thenextweb.com/uk/2011/05/30/duedil-makes-uk-businesses-transparent-shows-you-who-you-can-trust/ "DueDil makes business transparent, shows you who you can trust"
  4. https://www.nytimes.com/external/gigaom/2011/03/18/18gigaom-can-big-data-in-finance-lead-to-new-metrics-13650.html "Can big data in finance lead to new metrics?"
  5. http://www.cnbcmagazine.com/story/welcome-to-the-reputation-economy/1534/1/ "Welcome to the reputation economy"
  6. "Increasing business intelligence is the clever thing to do" Richard Tyler, The Daily Telegraph, 17 Sept 2011
  7. DueDil ‘Features ’ page. DueDil website, 2011
  8. http://www.journalism.co.uk/news-features/10-linkedin-tips-for-journalists/s5/a547539/ "Ten LinkedIn tips for journalists"
  9. News: DueDil launches API integration to automate on-boarding. 2017-03-03. Growth Business. 2018-06-04. en-GB.
  10. News: Callcredit Partners with DueDil to Launch 'KYC for Business'. 2017-07-11. Fintech Finance. 2018-06-04. en-US.
  11. News: Inside DueDil – the startup that could be Britain's answer to Bloomberg. Business Insider. 2018-06-04.
  12. News: DueDil Co-Founder Justin Fitzpatrick Appointed to CEO. Financial IT. 2018-06-04. en.
  13. "GeeknRolla – DueDil wins startup competition" Mike Butcher, TechCrunch EU. 21 March 2011
  14. https://www.theguardian.com/megas/shortlist1 "Guardian Awards for Digital Innovation 2012 shortlist"
  15. https://web.archive.org/web/20120815102646/http://www.telegraph.co.uk/finance/yourbusiness/national-business-awards/9474414/Duedil-backed-to-open-up-company-information.html "DueDil backed to open up company information"
  16. http://www.outsellinc.com/store/products/1048 "Information Industry Outlook 2012: Break and Reset"
  17. https://www.telegraph.co.uk/finance/businessclub/8875353/Meet-ten-of-the-UKs-brightest-young-entrepreneurs.html "Meet ten of the UK's brightest young entrepreneurs"
  18. http://www.startups.co.uk/service-business-of-the-year_3.html "Service Business of the Year, DueDil"
  19. http://theeuropas.com/2011/11/peer-index-wins-the-grand-prix-as-the-europas-awards-drifts-eastwards/ "PeerIndex wins The Grand Prix as The Europas Awards drifts Eastwards "
  20. "Wired – Europe's hottest startup capitals - London " Olivia Solon, Wired. 1 Oct. 2013
  21. "Bloomberg Business Innovators 2016" Bloomberg Jan 2016
  22. http://www.deloitte.com/view/en_GB/uk/market-insights/deloitte-analytics/de0d882044ad7310VgnVCM3000001c56f00aRCRD.htm "Open data: Driving growth, ingenuity and innovation"
  23. "http://techcitynews.com/2014/06/18/you-created-london-a-thank-you-to-techs-international-superstars/" Tech City News. 18 June 2014
  24. "https://www.standard.co.uk/staticpage/the1000/"
  25. https://www.telegraph.co.uk/news/uknews/immigration/10680905/Heres-why-migrants-want-to-come-to-Britain.html "Here's why migrants want to come to Britain"
  26. https://www.independent.co.uk/news/uk/home-news/migrant-entrepreneurs-have-set-up-one-in-seven-uk-companies-9169945.html "Migrant entrepreneurs have set up one in seven UK companies"
  27. https://www.reuters.com/video/2014/03/11/migrant-entrepreneurs-prove-their-worth?videoId=291791717&videoChannel=5 "Migrant entrepreneurs prove their worth"
  28. http://www.ft.com/cms/s/2/dc7f9f0e-a3ae-11e3-88b0-00144feab7de.html#axzz2xFaWz2JB "Migrants set up one in seven UK companies, study reveals"
  29. http://timesofindia.indiatimes.com/nri/other-news/Migrants-create-highest-number-of-jobs-in-UK/articleshow/31512986.cms "Migrants create highest number of jobs in UK"
  30. http://www.manchestereveningnews.co.uk/business/smes/manchester-hotspot-migrant-entrepreneurs-6875646 "Manchester is hotspot for migrant entrepreneurs"
  31. http://www.cityam.com/article/1393984474/britain-debt-new-generation-foreign-entrepreneurs "Britain is in debt to a new generation of foreign entrepreneurs"
  32. https://www.gov.uk/government/news/tech-nation-prime-minister-and-chancellor-welcome-launch "Prime Minister and Chancellor Welcome Launch"
  33. News: Forewords. London Stock Exchange Group. 2018-06-06. en.
  34. News: London Stock Exchange's '1,000 Companies To Inspire Britain' Shows SME's Growing At 70%. Aitken. Roger. Forbes. 2018-06-05. en.
  35. News: DueDil transforms business workflow with new dynamic lists to help more effective prospecting. 2016-06-09. Business Matters. 2018-06-05. en-GB.
  36. News: Yorkshire companies named among UK's most inspiring. Insider Media Ltd. 2018-06-05. en-GB.
  37. "Duedil raises another financing round for its free company data platform" Mike Butcher, TechCrunch. 14 Aug 2012
  38. "DueDil raises $5m to expand private company info service beyond the UK" Robert Cookson, Financial Times. 11 April 2013
  39. "Company data disruptor DueDil raises $17m to go global" Mike Butcher, Tech Crunch. 2 March 2014
  40. News: dEUdil: Building on open data as a new business model in the business information industry Projects H2020 CORDIS European Commission. CORDIS European Commission. 2018-06-05.
  41. News: Foreigners at the helm of one in five UK tech groups. Financial Times. 27 March 2016. en-GB. 2018-06-07.
  42. News: Revealed by DueDil: high street banks charge small firms 20% interest. Duke. Simon. 2017-12-31. The Sunday Times. 2018-06-07. en. 0956-1382.
  43. News: Britain Aims to Close Gender Pay Gap With Transparency and Shame. 2018-04-04. The New York Times. 2018-06-07. en-US. 0362-4331.

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