The company, launched in 2016 and now a Dye and Durham Solution, has exceeded its financial forecasts by an impressive 60% for 2024. Credas has also expanded its customer base by 40%, with leading brands such as Connells Group, EY, Gordons Property Lawyers, and Co-op among its clients.
Key Achievements in 2024
- Market Penetration: Credas’ solutions now power 52% of UK residential housing transactions, either directly or via its partner network.
- High Volume of Compliance Checks: Over 35,000 compliance checks are completed daily, equating to 4 million individuals annually.
- New Offerings: The launch of KYB-2-KYC services and Credas+, a compliance remediation service, has been adopted by over 70% of customers.
- Industry Recognition: Credas became the first UK IDSP to achieve the highest certification under the UK Government’s Digital Identity and Attributes Trust Framework and was named Fintech Company of the Year at the Fintech Awards.
Expansion Plans for 2025
Credas is set to enter Australia, South Africa, and Ireland, with plans to expand to additional territories. This move aligns with its partnership with Dye and Durham and its strategy to bring the Credas Connect platform to new markets.
“I am enormously proud of the high-performance unit we have built together at Credas, especially as we reflect on the extraordinary financial year we’ve had. This high-performance culture is based on a foundation of clear shared values, and 2025 will see continued growth, new products, and team expansion.”
— Tim Barnett, CEO of Credas Technologies
About Credas
Founded in 2016 and based in Cardiff, Credas Technologies provides remote identity verification (IDV) solutions for legal, property, and business professionals. It supports compliance with innovative software that enables businesses to verify individuals and meet regulatory requirements efficiently.