Visma e-conomic acquires Creditro A/S, aiming to put an end to fraud and money-laundering

With the increase in digitisation globally, it is only natural that we also see an increase in cases of money laundering and fraud; cases which are now more complex than ever before.??

This increase also brings with it the demand for new and improved anti-money laundering and fraud solutions, a demand which is met by the company Creditro.?

Founded in 2017, Creditro automates the time-consuming KYC-processes (Know-Your-Customer) in one solution. It's intelligent data tools minimise the time you use collecting and analysing customer information, making it easy to comply with legislation and rules and improving your ability to put an end to fraudulent activities.?

In a move which will only more greatly benefit advancement in fraud prevention: Creditro has been acquired by leading?European business-critical software company, Visma, in a partnership which will put the company at the forefront of the work against fraud and money laundering.?

Visma, and its great foothold in solutions within the auditing market, knows the challenges within KYC/AML Compliance, and will integrate Creditro’s solution directly with Visma’s products to?help customers, especially accountants and lawyers, to stop fraud.?

The acquisition allows Creditro?to faster advance the development and scaling of its company, expand its product package and?look towards servicing even more markets.?

- We have not received funding before and have on our own built a tool that intelligently collects and analyses customer data and thus puts an end to fraud and money laundering.?But we are aware that if we are to take the step further and set a European standard for a KYC / AML solution against fraud and money laundering, then it requires bigger muscles and a large organisation behind it.?We get that with Visma, and we are sure that we are a match with many synergies, says Ronni H. Baslund, CTO of Creditro.?

According to Visma CEO Lars Engbork, the acquisition sets the direction for Visma's responsibility to combat fraud:?

- If we are to put an end to the growing number of scams, we need to be better at using digital systems that make our work more structured, and here at Visma we are trying to take a leading step in this area:?

- With the acquisition of Creditro, we at Visma will in the future offer customers, accountants and lawyers a KYC / AML solution that, in addition to making it easier to stop fraud and money laundering, can also ensure that companies abide by Danish law, says Lars Engbork?

?Read more on the acquisition here?