Callcredit says ‘hola’ to Spanish anti-money laundering business
Credit solutions giant Callcredit has snapped up Spanish anti-money laundering business Confirma.
Backed by private equity firm GTCR, Callcredit has acquired the group which consists of Confirma Sistemas and Soluciones Confirma, which specialise in fraud prevention and anti-money laundering software solutions.
Callcredit will take a majority shareholding in the Madrid-based company.
The Leeds-based business entered the Spanish market in 2015 and has grown organically there until now.
The acquisition will become part of the Callcredit Spain operation and accelerates the growth and the development of Callcredit’s fraud prevention and risk management business.
Callcredit Spain will be headed by Juan Antonio Villegas who is a veteran of the industry having served as a former director general of Experian and Trans Union España.
Callcredit is looking to invest in and grow Confirma, which has 40 clients amongst which are both domestic and international banks, consumer lending institutions and insurance companies.
This is Callcredit’s third acquisition in less than 18 months, having bought customer experience specialist, Numero, in March 2016 and device fraud protection firm, Recipero, in September 2016.
Mike Gordon, CEO, Callcredit Information Group, said: “There is a real momentum within the business at the moment. As a Group we have a focused strategy and international expansion is a key component of this.
“Spain represents a significant opportunity for Callcredit and its future growth. The acquisition of Confirma and the appointment of Juan Antonio Villegas as an experienced country head gives us a firm presence in the market and brings a unique offering which complements our wider proposition. Confirma has an impressive roster of over 40 clients, including leading banks and consumer finance organisations.
“Callcredit Information Group is continuing to develop its fraud prevention and risk management capabilities and this acquisition complements our core proposition of delivering technology enabled data solutions.”
