SmartSearch has completed its acquisition of Credas Technologies, bringing together two specialist providers of KYC (Know Your Customer), AML (Anti-Money Laundering) and digital identity solutions.
The Ilkley-based business said the deal will enhance its ability to support regulated firms across sectors including financial services, legal, accountancy, property and insurance, as compliance requirements continue to evolve.聽
Cardiff-headquartered Credas鈥� digital identity verification technology and established brand will be integrated into SmartSearch鈥檚 platform, expanding flexibility and accelerating product development.
Following the acquisition, the combined group will serve more than 8,500 regulated firms, up from SmartSearch鈥檚 existing base of more than 7,500 UK customers.聽
It currently provides automated sanctions, politically exposed person, ultimate beneficial owner and adverse media screening, with the enlarged offering expected to streamline onboarding and ongoing monitoring for clients.
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The transaction is backed by SmartSearch鈥檚 private equity investor, Triple Private Equity, which backed the business in 2024.聽
It forms part of a broader growth strategy that has seen the company expand its platform and customer base.聽
The company was named a Long-Term Growth Champion in 2025 by the Financial Times and Statista.
鈥淭his acquisition enables us to streamline onboarding and monitoring for regulated firms, combining complementary technologies to deliver greater efficiency and accelerate product development,鈥� said Phil Cotter, CEO of SmartSearch.
Tim Barnett, CEO of Credas, added: 鈥淲ith financial crime on the rise, digital identity verification is more critical than ever.聽
鈥淛oining SmartSearch allows us to help more businesses protect themselves and maintain compliance.鈥�
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