Company:CR2
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| Type | Private |
|---|---|
| Industry | Computer software |
| Founded | 1997 |
| Headquarters | Dublin, Ireland |
Area served | Worldwide |
| Products | BankWorld |
Number of employees | 190 |
| Website | www |
CR2 is an Irish-owned banking software company which provides mobile, internet and ATM financial service technology to more than 100 retail banks across Africa, the Middle East and Asia.[1][2] Headquartered in Dublin, Ireland,[3][4] the company has offices in Dubai, London, Cairo, Amman, Bengaluru, Lagos, Johannesburg, Singapore and Perth.[5] Its customers include ANZ, Barclays, Standard Chartered, Botswana Savings Bank, Jordanian Bank al Etihad,[6] pan-African bank Orabank [7] and Nigeria’s Diamond Bank.[8]
History
Founded in 1997 by two former Kindle Banking Systems directors,[9] and part of the fintech portfolio of Ireland's state economic development agency Enterprise Ireland, CR2 is an Irish software company that provides banking products and services to financial institutions in emerging markets. [10]
By 2000, after a series of venture capital cash injections and investment from directors, and the acquisition of London-based Interlink for £10m, CR2 moved its HQ to London [11] and was valued at more than $27m.
With investors backing CR2 to the value of €34.5 million since its foundation in 1997, the company emerged from the Dot-com bubble crash of late 2000/early 2001, to report an increase in revenue by posting a turnover of €16.4m in 2002. [12]
An additional R&D funding round to the value of €10m was completed in 2005. [13]
By 2012, the company, which by then, had moved its HQ back to Dublin, was placed on the market with a value of more than €60m.[14]
BankWorld
CR2 is best known for its digital banking platform, BankWorld.[15] It features mobile and internet technology for retail and corporate customers; integrated ATM technology with switch, card management, production, monitoring, screen design, support tools as well as POS (or point of sale) acquiring and payment systems; SMS push and pull and USSD; with APIs that enable third-party channel integration and innovation.[16]
Awards and recognition
- Ovum Ltd, the independent, analyst and consultancy firm, recommends CR2's digital product offering in its published report of August 2016.[17]
- CR2 recognised for delivering ‘Excellence in Channel Banking Software Solutions’[18] at the New Age Banking Awards 2018 [19]
References
- ↑ "Banking Solutions" (in en-US). http://www.icl.bw/Products-Solutions/Banking-Solutions1.
- ↑ silicon (June 12, 2018). "CR2 in Middle East bank deal - Companies | siliconrepublic.com - Ireland's Technology News Service" (in en-GB). Silicon Republic. https://www.siliconrepublic.com/companies/cr2-in-middle-east-bank-deal.
- ↑ "CR2 | Park West" (in en-US). Park West. http://www.parkwest.ie/business/cr2/.
- ↑ "CR2 Competitors, Revenue and Employees - Owler Company Profile". https://www.owler.com/company/cr2.
- ↑ author, default. "Omnichannel Banking Worldwide Offices" (in en-GB). http://www.cr2.com/en-gb/about-us/offices.
- ↑ "Ireland's FinTech Map" (in en). Ammeon. https://www.ammeon.com/2017/01/20/fintech-map/.
- ↑ "Orabank met le cap sur la banque en libre-service Republic of Togo" (in en). www.republicoftogo.com. http://www.republicoftogo.com/Toutes-les-rubriques/Finances/Orabank-met-le-cap-sur-la-banque-en-libre-service.
- ↑ "CR2 Unveils New CEO and CFO Finnovate" (in en). Finnovate. https://finovate.com/cr2-unveils-new-ceo-cfo/.
- ↑ "CR2 raises further $7.5m in funding for R&D - Independent.ie" (in en). Independent.ie. https://www.independent.ie/business/irish/cr2-raises-further-75m-in-funding-for-rd-26071956.html.
- ↑ "Ireland’s fintech ecosystem-Silcon Republic" (in en). siliconrepublic.ie. https://www.siliconrepublic.com/start-ups/ireland-fintech-ecosystem-enterprise-ireland.
- ↑ "CR2 buys UK firm for £10m -Irish Independent" (in en). irishindependent.ie. https://www.independent.ie/business/cr2-buys-uk-firm-for-10m-26115824.html.
- ↑ "CR2 cuts losses to €6 million, predicts profits in 12 months - Irish Times" (in en). Irish Times. https://www.irishtimes.com/business/cr2-cuts-losses-to-6-million-predicts-profits-in-12-months-1.1090608.
- ↑ "CR2 secures EUR10m funding -Finextra" (in en). fixextra.com. https://www.finextra.com/news/fullstory.aspx?newsitemid=13675.
- ↑ "Dublin banking software firm CR2 goes on the block-the.times.co.uk". The Times (UK). https://www.thetimes.co.uk/article/dublin-banking-software-firm-cr2-goes-on-the-block-3jvxzwq8sgk?t=ie.
- ↑ "Gartner Peer Insight" (in en-US). https://www.gartner.com/reviews/market/digital-banking-platforms/vendor/cr2/product/bankworld.
- ↑ "CR2 BankWorld". https://www.softwarereviews.com/products/bankworld.
- ↑ "On the Radar: CR2 provides a sophisticated channel offering for Internet, mobile, ATM, and kiosks". https://ovum.informa.com/resources/product-content/on-the-radar-cr2-provides-a-sophisticated-channel-offering-for-internet-mobile-atm-and-kiosks.
- ↑ "CR2 recognised for delivering ‘Excellence in Channel Banking Software Solutions-www.businessdayonline.com". Business Day (Nigeria). https://www.businessdayonline.com/companies/technology/article/cr2-recognised-delivering-excellence-channel-banking-software-solutions/.
- ↑ "Mobile money: Banks only have to cooperate or compete with telcos, says CR2 - www.vanguardngr.com". Vanguard (Nigeria). https://www.vanguardngr.com/2018/10/mobile-money-banks-only-have-to-cooperate-or-compete-with-telcos-says-cr2/.
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