SmartSearch has acquired identity verification provider Credas Technologies Ltd to strengthen its foothold in the UK’s digital compliance sector. The deal, pending regulatory approval, brings together two leading players in Know Your Customer (KYC) and Anti-Money Laundering (AML) technology.
Credas serves more than 1,000 clients across the legal and property sectors, offering digital identity and onboarding solutions. SmartSearch currently works with over 7,500 regulated firms and has reported consistent double-digit annual growth since 2013.
The acquisition broadens SmartSearch’s technology capabilities and client base, aligning with its expansion plans following private equity backing from Triple Private Equity in 2024. The move positions the company to meet rising demand for automated compliance tools as financial crime regulation continues to tighten across the UK.
Phil Cotter, CEO, SmartSearch, comments: “Regulated firms are under pressure to meet rising KYC and AML demands while delivering seamless onboarding. By joining forces with Credas, we combine our strengths to deliver unmatched innovation and service. Our clients will see immediate benefits as we continue to set the standard for digital compliance.”
Both organisations will continue to operate under their established brands while combining technical and operational expertise to enhance efficiency and innovation across digital verification and risk management.
