Duedil

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DueDil
DueDil Logo.png
Available inEnglish
Key peopleJustin Fitzpatrick (CEO)
Revenue£4.1 million (2017)
Employees110 (2019)
URLwww.duedil.com
RegistrationRequired
LaunchedApril 2011; 10 years ago (2011-04)

DueDil is a company intelligence platform covering the SME economy.

Services and products[edit]

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.[1][2]

Company search results provide information including up to 20 years of financial data, mortgages, investments, red flags,[3] litigations, and group ownership structures.[4][5]

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.[6] In March 2017, DueDil released the fourth version of its API to allow businesses to integrate DueDil data with their internal systems.[7] 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.[8]

History[edit]

DueDil was co-founded by American entrepreneur, Damian Kimmelman in 2011[9] and Justin Fitzpatrick.[10] The company launched at TechCrunch’s ‘GeeknRolla’ conference on 21 March 2011, winning ‘Best Startup’.[11] In February 2018, co-founder Justin Fitzpatrick stepped into the role of CEO.[10]

The company has been nominated for numerous awards and is recognised as one of the UK's most promising financial technology companies.[12][13][14][15][16][17] DueDil was named by Wired magazine in 2013 as one of Europe's hottest startups,[18] and in 2016 Bloomberg named the company as one of its Business Innovators.[19] The UK government's Cabinet Office transparency team has also cited DueDil as a business providing innovative services using open data.[20]

CEO Damian Kimmelman was named as 'International Entrepreneur of Year' at the inaugural Tech City News Hall of Fame awards in June 2014,[21] and in October 2014 as one of the 1,000 most influential Londoners by the Evening Standard.[22]

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.[23][24][25][26][27][28][29] DueDil also provided the data behind the first-ever Tech Nation report, which charted the growth of the UK tech sector.[30] Since 2015, the London Stock Exchange Group has used DueDil data to create its "1000 Companies to Inspire" report.[31][32][33][34]

Since 2011, DueDil has raised nearly $30m from investors in the US and UK, including Oak Investment Partners, Passion Capital and Notion Capital.[35][36][37] DueDil received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 733164.[38]

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.[39] In 2017, DueDil revealed high street banks charge small firms 20% interest.[40] In 2018, DueDil research revealed that only 13% of women held top directorships in Britain, demonstrating a significant gender pay gap in senior leadership.[41]

References[edit]

  1. ^ "DueDil makes business transparent, shows you who you can trust". Matt Brian, The Next Web. 30 May 2011
  2. ^ "Can big data in finance lead to new metrics?". Stacey Higginbotham, The New York Times, 18 March 2011.
  3. ^ "Welcome to the reputation economy" Archived 10 May 2012 at the Wayback Machine. Colin Brown, CNBC. 3 Jan 2012
  4. ^ "Increasing business intelligence is the clever thing to do" Richard Tyler, The Daily Telegraph, 17 Sept 2011
  5. ^ DueDil ‘Features Archived 5 October 2011 at the Wayback Machine’ page. DueDil website, 2011
  6. ^ "Ten LinkedIn tips for journalists". Sarah Marshall, Journalism.co.uk. 19 Jan 2012
  7. ^ "DueDil launches API integration to automate on-boarding". Growth Business. 3 March 2017. Retrieved 4 June 2018.
  8. ^ "Callcredit Partners with DueDil to Launch 'KYC for Business'". Fintech Finance. 11 July 2017. Retrieved 4 June 2018.
  9. ^ "Inside DueDil – the startup that could be Britain's answer to Bloomberg". Business Insider. Retrieved 4 June 2018.
  10. ^ a b "DueDil Co-Founder Justin Fitzpatrick Appointed to CEO". Financial IT. Retrieved 4 June 2018.
  11. ^ "GeeknRolla – DueDil wins startup competition" Mike Butcher, TechCrunch EU. 21 March 2011
  12. ^ "Guardian Awards for Digital Innovation 2012 shortlist". The Guardian. Retrieved 2012-05-08.
  13. ^ "DueDil backed to open up company information". The Daily Telegraph. 14 Aug 2012
  14. ^ "Information Industry Outlook 2012: Break and Reset" Archived 21 May 2012 at the Wayback Machine. Anthea Stratigos, Outsell. 22 Dec 2011
  15. ^ "Meet ten of the UK's brightest young entrepreneurs". The Daily Telegraph. 8 Nov 2011
  16. ^ "Service Business of the Year, DueDil". Startups.co.uk. Retrieved 2012-05-08.
  17. ^ "PeerIndex wins The Grand Prix as The Europas Awards drifts Eastwards " Archived 12 May 2012 at the Wayback Machine
  18. ^ "Wired – Europe's hottest startup capitals - London Archived 2 February 2016 at the Wayback Machine" Olivia Solon, Wired. 1 Oct. 2013
  19. ^ "Bloomberg Business Innovators 2016" Bloomberg Jan 2016
  20. ^ "Open data: Driving growth, ingenuity and innovation". Deloitte
  21. ^ "[1]" Tech City News. 18 June 2014
  22. ^ "https://www.standard.co.uk/staticpage/the1000/"
  23. ^ "Here's why migrants want to come to Britain". The Daily Telegraph. 6 March 2014
  24. ^ "Migrant entrepreneurs have set up one in seven UK companies". The Independent. 5 March 2014
  25. ^ "Migrant entrepreneurs prove their worth". Reuters. 11 March 2014
  26. ^ "Migrants set up one in seven UK companies, study reveals". Financial Times. 4 March 2014
  27. ^ "Migrants create highest number of jobs in UK". Times of India. 6 March 2014
  28. ^ "Manchester is hotspot for migrant entrepreneurs". Manchester Evening News. 26 March 2014
  29. ^ "Britain is in debt to a new generation of foreign entrepreneurs". City AM. 5 March 2014
  30. ^ "Prime Minister and Chancellor Welcome Launch". Gov.uk. 5 Feb 2015
  31. ^ "Forewords". London Stock Exchange Group. Retrieved 6 June 2018.
  32. ^ Aitken, Roger. "London Stock Exchange's '1,000 Companies To Inspire Britain' Shows SME's Growing At 70%". Forbes. Retrieved 5 June 2018.
  33. ^ "DueDil transforms business workflow with new dynamic lists to help more effective prospecting". Business Matters. 9 June 2016. Retrieved 5 June 2018.
  34. ^ Ltd, Insider Media. "Yorkshire companies named among UK's most inspiring". Insider Media Ltd. Retrieved 5 June 2018.
  35. ^ "Duedil raises another financing round for its free company data platform" Mike Butcher, TechCrunch. 14 Aug 2012
  36. ^ "DueDil raises $5m to expand private company info service beyond the UK" Robert Cookson, Financial Times. 11 April 2013
  37. ^ "Company data disruptor DueDil raises $17m to go global" Mike Butcher, Tech Crunch. 2 March 2014
  38. ^ "dEUdil: Building on open data as a new business model in the business information industry | Projects | H2020 | CORDIS | European Commission". CORDIS | European Commission. Retrieved 5 June 2018.
  39. ^ "Foreigners at the helm of one in five UK tech groups". Financial Times. Retrieved 7 June 2018.
  40. ^ Duke, Simon (31 December 2017). "Revealed by DueDil: high street banks charge small firms 20% interest". The Sunday Times. ISSN 0956-1382. Retrieved 7 June 2018.
  41. ^ "Britain Aims to Close Gender Pay Gap With Transparency and Shame". The New York Times. 4 April 2018. ISSN 0362-4331. Retrieved 7 June 2018.