Wicklow fintech company SureDatum joins Stryve
Arklow fintech company SureDatum has joined Stryve Group in a monumental majority stake deal.
ureDatum has spent five years and over €1M developing its code-free digital transformation platform ‘SureHub’, which is a critical supplier to AIB Merchant Services’ credit card processing – one of the early adopters of SureHub technology.
The acquisition of Suredatum is the latest move by Styve to dominate Europe with its private cloud security service. After opening the first EU sales office in Poland in 2021 and investing €1 million in an expansion in the UK in 2022, the acquisition of SureDatum gives Stryve a solid foothold in the fintech industry.
SureDatum is a development framework, a code-free platform specializing in fintech solutions, AML (Anti-Money Laundering), operational process automation and Know Your Customer (KYC) compliance; a natural partner for cyber security.
The company was established by CEO, Gordon Jenkinson in 2018. He draws on over 20 years of experience in the Irish fintech sector.
SureDatum has helped companies such as Eir, the Royal Bank of Scotland, the Irish Aviation Authority and a number of local authorities to save money and resources with its automation and compliance tools.
Speaking about the acquisition, Gordon Jenkinson, who will remain in the position of CEO, commented,
“We have a lot of financial services expertise in onboarding and customer service. With our platform, we can add serious value to these types of customers because of our background in financial services.
“Our SureHub platform provides the secure foundation that legacy business systems lack. This allows businesses to continue with their core systems while automating and integrating securely using SureHub, without the need for risky system overhauls or rewrites.”
“Becoming part of the Stryve Group gives us a springboard to grow the business. We are at a critical stage. We have operated for five years with a modest turnover, and put everything back into developing our framework.
“The key for us now is to take it to the next step.
“To date, our energy has gone into product development now that we can change our focus from product development to business development. Stryve is well established in Central Europe and as part of the Stryve Group we are ready to explode there as well. We are excited about the future of SureDatum.
Stryve is on a fast growth path; the company is on track to exceed €10 million in revenue in 2023 and expand its team to over 100 people.
Stryve CEO Andrew Tobin was delighted to announce the acquisition of SureDatum, commenting: “It is a pleasure to announce the acquisition of SureDatum today. The partnership with SureDatum opens up the fintech sector for Stryve. SureDatum boasts an impressive global corporate client base , and we see “no-code” apps for fast processing as the future.
“There is a natural kinship between fintech and private cloud security and a great potential for development within the financial industry. We look forward to a rewarding future together.”
