Diligencia Company Profile

Background

Overview

Diligencia, established in 2008, is a leading provider of corporate intelligence and due diligence solutions specializing in the Middle East and Africa (MEA) regions. The company addresses the scarcity of comprehensive corporate registry data in these areas by sourcing and curating information from official registries across 73 countries, resulting in a database of over 20 million records.

Mission and Vision

Diligencia's mission is to deliver clarity in regions where public domain information is limited, enabling businesses to make informed decisions. The company's vision is to support economic growth in the MEA region by providing reliable and accessible corporate information.

Industry Significance

Operating within the corporate intelligence and due diligence industry, Diligencia plays a crucial role in assisting financial institutions, law firms, and multinational corporations in managing compliance obligations, assessing counterparty risks, and formulating effective market strategies in the MEA region.

Key Strategic Focus

Core Objectives

Diligencia aims to provide accurate and comprehensive corporate data to facilitate due diligence processes, enhance compliance monitoring, and support strategic decision-making for businesses operating in or with connections to the MEA region.

Areas of Specialization

The company specializes in sourcing and curating legal entity data, focusing on ownership structures, directorships, and corporate affiliations within the MEA region.

Key Technologies Utilized

Diligencia employs advanced technology and human insight to extract unstructured data from territories where public domain information is not readily available. This approach enables the company to compile high-quality legal entity data critical for compliance and due diligence activities.

Primary Markets Targeted

The company's primary markets include financial institutions, law firms, risk advisory organizations, and multinational corporations operating in or with connections to the MEA region.

Financials and Funding

Funding History

Specific details regarding Diligencia's funding history, total funds raised, recent funding rounds, and notable investors are not publicly disclosed. The company has not reported any recent funding rounds or external investments.

Utilization of Capital

While specific utilization details are not available, it is likely that any capital raised would be directed towards expanding data coverage, enhancing technological capabilities, and supporting strategic partnerships to strengthen Diligencia's market position.

Pipeline Development

Key Pipeline Candidates

Diligencia's primary offering is its ClarifiedBy platform, which provides access to a comprehensive database of legal entity data across the MEA region. The company continues to enhance this platform by expanding its data coverage and integrating additional datasets to meet evolving client needs.

Stages of Development

The ClarifiedBy platform is continually updated and refined to include the latest corporate data, ensuring that clients have access to the most current and accurate information available.

Target Conditions

The platform is designed to support due diligence, compliance monitoring, and strategic decision-making processes for businesses operating in or with connections to the MEA region.

Anticipated Milestones

Diligencia has achieved significant milestones, including the expansion of its database to over 20 million records and the integration of real-time company registry data from Asia-Pacific jurisdictions. The company continues to focus on enhancing its data coverage and technological capabilities to meet the evolving needs of its clients.

Technological Platform and Innovation

Proprietary Technologies

Diligencia's proprietary technology includes the ClarifiedBy platform, which aggregates and curates legal entity data from official registries across multiple jurisdictions. The platform is designed to provide clients with reliable and authoritative information for due diligence, risk management, and compliance purposes.

Significant Scientific Methods

The company employs a combination of advanced technology and human insight to extract and standardize unstructured data from various sources, ensuring the accuracy and reliability of the information provided.

Leadership Team

Executive Profiles

Nouri Bakkali: Founder and CEO of Diligencia, Nouri established the company in 2008 with the vision to provide clarity in regions lacking reliable corporate information.

James Redfern: Sales Director, responsible for overseeing sales strategies and client relationships.

Saif Mohammad: Chief Product and Technology Officer, leading product development and technological innovation.

Kahina Gasmi: Business Continuity Manager, ensuring operational resilience and continuity.

Mina Mouhoub: Managing Director - Operations, overseeing day-to-day operations and service delivery.

Lorna Marsh: Head of Marketing, responsible for marketing strategies and brand development.

Leadership Changes

There are no publicly available records indicating recent significant changes or appointments within Diligencia's leadership team.

Competitor Profile

Market Insights and Dynamics

The corporate intelligence and due diligence industry is experiencing growth due to increasing regulatory requirements and the need for businesses to manage compliance and risk effectively. The MEA region presents unique challenges due to limited access to reliable corporate data, creating opportunities for specialized providers like Diligencia.

Competitor Analysis

Key competitors in the MEA region include:

Themis: Offers an automated due diligence platform with a focus on anti-money laundering and counter-financing of terrorism.

Fynhaus: Provides compliance and payment messaging solutions, partnering with Diligencia to enhance offerings in the MEA region.

Strategic Collaborations and Partnerships

Diligencia has formed strategic partnerships to enhance its service offerings:

Themis: In February 2023, Diligencia partnered with Themis to provide comprehensive corporate data in the MEA region, enhancing Themis' anti-money laundering and counter-financing of terrorism capabilities.

Fynhaus: In November 2022, Diligencia entered into a partnership with Fynhaus to integrate its data and consulting services into Fynhaus' compliance solutions for the MEA region.

Operational Insights

Diligencia's strategic focus on providing authentic and comprehensive corporate data positions it as a key player in the MEA region. The company's partnerships with Themis and Fynhaus enhance its capabilities in compliance and risk management, offering clients integrated solutions to navigate complex regulatory environments.

Strategic Opportunities and Future Directions

Diligencia continues to expand its data coverage and technological capabilities to meet the evolving needs of its clients. The company's strategic partnerships and recognition in industry awards underscore its commitment to innovation and excellence in the corporate intelligence and due diligence sector.