Kyckr posts 46% revenue growth as KYB demand rises

Kyckr reported 46% revenue growth for its financial year to June 2026, delivering the strongest financial performance in its 20-year history.

The London-based business supplies know-your-business data to regulated firms. It said growth reflected rising demand for live company register data as compliance requirements tighten in markets including Australia and North America.

Kyckr added 45 new clients over the past 12 months, including one Global Systemically Important Bank as defined by the Financial Stability Board. That brings the number of such banks it supports to seven.

It also passed 50 anti-money laundering orchestration partners, with new additions including Athennian in North America and Infotrack in Australia.

Demand for current business verification data has increased as banks, fintechs and other regulated organisations face closer scrutiny over how they identify corporate customers and beneficial owners. Firms are under pressure to show that their know-your-business processes rely on verified, current information rather than static third-party data sources.

Industry estimates cited by Kyckr suggest the financial sector still detects only about 2% of global financial crime flows. The company also pointed to its own research, which found poor data was a factor in 68% of UK Financial Conduct Authority enforcement actions over the past five years.

Leadership changes

The growth came in the first year under Chief Executive Officer Steve Lamb, who took the top job in August 2025 after serving as Head of Product and Chief Operating Officer.

Under Lamb, Kyckr reshaped its senior leadership team, appointing Ian Jones, formerly of Equiniti, as Chief Technology Officer and Andrew Kellett, formerly of Thirdfort, as Head of Customer Delivery.

It also made further commercial hires from Veriff and Moody's as it expanded sales and delivery alongside product development.

Kyckr has operated for two decades in a market centred on access to official corporate registry data. It now connects customers to more than 300 official sources worldwide, reflecting the fragmented nature of business identity and ownership records across jurisdictions.

Regulatory push

The market for know-your-business data has drawn more attention as regulators push firms to strengthen anti-money laundering controls and improve checks on corporate entities. In practice, that has increased demand for direct access to official registries, particularly where ownership structures span multiple countries.

For compliance teams, one challenge is the quality and freshness of underlying records. Businesses that rely on out-of-date or incomplete information can struggle to meet regulatory expectations, especially when they need to show how a decision was made and which source data was used.

Kyckr said it was founded to address fragmented and unreliable corporate registry information. Its network is designed to give regulated firms access to live company and beneficial ownership data from official sources.

The results suggest this part of the compliance technology market continues to grow, even as financial institutions face pressure to control spending elsewhere. Winning a new Global Systemically Important Bank client is notable because large international banks typically have lengthy procurement cycles and strict requirements around data sourcing and auditability.

Kyckr said the shift in customer demand was also linked to changing expectations around reusable business identity under the European Business Wallet framework. It is preparing for that transition through further investment in its core registry network.

For now, the immediate story is commercial momentum after a management transition. Kyckr has combined a leadership reshuffle with client growth, a broader partner base and stronger revenue in a market shaped by regulatory enforcement and concerns over data quality.

"It's a testament to the work of our incredible team that in its milestone 20th year, Kyckr has just delivered its strongest ever financial performance. The foundational KYB requirements for regulated firms are shifting, and demand for live company register data is only going to increase further. Over the past year we've recruited a new senior team, redrawn the product roadmap and expanded our network of partners to ensure our clients are ahead of changing requirements, not caught out by them. Our strong business performance this year is just the beginning," said Chief Executive Officer Steve Lamb.