Kyckr

Kyckr

Company type	Private Company
Industry	Business services
Founded	2007;18 years ago (2007) in Ireland
Headquarters	Sydney , Australia
Key people	Steve Lamb (CEO) [1] Rajarshi Ray (Chairman) [2] Richard White (Owner)
Products	Company registers for know your customer (KYC)
Website	https://www.kyckr.com/

Kyckr is a business register to help with know your customer (KYC) processes for anti-money laundering regulations. It was established in Ireland, and was a publicly traded company on the Australian Securities Exchange with operations in Ireland and Australia. The company delisted on 07 November 2022, when it was acquired by Richard White. ^[3]

History

The company was established in Waterford, Ireland in 2007 by Ben Cronin and Rob Leslie.

The Financial Times reported that Kyckr had a net fall in income of AUS$3.45 million in 2017. ^[4]

In 2018, Kyckr was a participant in the International AML & CTF Techsprint run by the UK Financial Conduct Authority, in conjunction with 12 International supervisory and law enforcement agencies ^[5]

It was acquired by Australian technology businessman Richard White's private investment company in 2022. ^{[6] [7]}

In 2024, White transferred part ownership of the investment company to his wife, Zena Nasser, but her ultimate beneficial ownership (UBO) was not disclosed until months later. This caused concern in security circles as uncovering hidden UBOs is a core part of the Kyckr's services, with then CTO Rebecca Glover noting Nasser's "publicly reported criminal associations" as concerning for an anti-money laundering company. ^[6]

In 2025 White dismissed Kathy Phelan as CEO, and Rebecca Glover as CTO, both of whom launched legal claims. Glover alleged that she was dismissed after objecting to concealing a high error rate in their software, and compliance issues from a potential buyer. ^[6]

Operations

The company provides data access technology for know your customer (KYC) in financial services and supply chain. It assists banks and other businesses to meet anti-terrorism finance, anti money laundering and other laws and regulations that require the identification of potential criminal money movement. ^{[8] [9] [10]}

Kyckr's customers are primarily financial companies. ^{[11] [12] [13] [14]}

References

1. "Kyckr Company, Kathy Phelan CEO". www.kyckr.com. July 2023.
2. "Kyckr Board Changes". www.asx.com.au. 18 August 2021.
3. "Shareholder". Archived from the original on 1 June 2023. Retrieved 18 April 2023.
4. "Kyckr Ltd, KYK:ASX profile - FT.com". markets.ft.com. Retrieved 18 May 2018.
5. "Global AML and Financial Crime TechSprint". 15 May 2018.
6. McClymont, Kate; Mason, Max (7 August 2025). "'Cover-up' and a critical flaw: Fresh claims against Richard White". Australian Financial Review. Retrieved 26 August 2025.
7. Mason, Max; McClymont, Kate; McKenzie, Nick (5 December 2024). "WiseTech founder restructures assets to give wife a share". Australian Financial Review. Retrieved 26 August 2025.
8. "Deploying Regtech Against Financial Crime - The Institute of International Finance". www.iif.com. 27 March 2017.
9. "Matchi.biz - Canadian Institute Fintech Challenge - Winners Announcement". matchi.biz. Archived from the original on 1 June 2023. Retrieved 12 March 2018.
10. "Matchi.biz - BankTech Asia Fin5ive Challenge Winners Announcement". matchi.biz. Archived from the original on 25 February 2022. Retrieved 13 March 2018.
11. "ASX Announcement" (PDF). clients3.weblink.com.au.
12. "Waterford firm signs deal with Bloomberg". RTE.ie. 20 July 2017. Retrieved 20 July 2017.
13. "Kyckr Limited IPO's on the Australian Stock Exchange - Enterprise Ireland". www.enterprise-ireland.com. Archived from the original on 21 April 2023. Retrieved 20 July 2017.
14. "Kyckr gets a lift after signing data services deal with IBM". 26 September 2017.