Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Data aggregator of major companies Kyckr gained over 138 per cent this week on the ASX
  • Yesterday, the company rocketed over 90 per cent after heavy tech hitter David White became a major shareholder at 19.6 per cent
  • Kyckr offers companies data insights into their clients, and has used this watchdog power to stop money laundering
  • Richard White’s investment yesterday was part of a $5.2 million capital raising plan from Kyckr

Company data aggregator Kyckr has seen its share price rocket more than 138 per cent this week.

Yesterday alone saw the company’s share price on the ASX jump over 90 per cent after tech entrepreneur David White became a major shareholder.

Today, the company’s shares have shot up again by 25 per cent after releasing an investor presentation.

On Monday this week, the company’s shares opened at 10 cents per share. Today they’re 25 cents each in a $45.86 million market cap.

How it happened and what Kyckr does

According to the company itself, Kyckr is an aggregator for global company intelligence. A watchdog of data.

Kyckr claims to have data access on over 200 official registries, 120 countries and 170 million legal entities.

Searching data through Kyckr

Richard White’s investment into the company yesterday helped secure a successful placement for Kyckr that amounted to $5.2 million over roughly 78.35 million shares at 6.6 cents apiece.

Richard White’s holding in Kyckr stands tall at 19.6 per cent.

Richard spoke on his buy-in to the company yesterday.

“I can see in Kyckr, a product, business and opportunity set that can be leveraged and accelerated to major advantage, and I am grateful to be able to help the company accelerate its growth ambitions both in the placement and, time permitting, occasional advice to the team,” Richard said.

In the company’s investor presentation today, Kyckr vowed to double its growth by 2023.

Not only does Kyckr help companies know their clients, it’s also been used in anti-money laundering initiatives as well.

Today, Kyckr is partnered with Dell Services EMEA, Bank of Ireland, and GMO Globalsign.

KYK by the numbers
More From The Market Herald
Damstra (ASX:DTC) - Chairman, Johannes Risseeuw

" Damstra (ASX:DTC) completes $18m TIKS Solutions buy

Damstra (DTC) has completed the acquisition of software-as-a-service (SaaS) business TIKS Solutions.
Adveritas (ASX:AV1) - Cofounder and CEO, Matthew Ratty

" Adveritas (ASX:AV1) sees TrafficGuard integrate with Google Cloud Marketplace

Adveritas (AV1) has seen TrafficGuard officially accepted and integrated into the Google Cloud Marketplace.
DXN (ASX:DXN) - CEO, Matthew Madden

" DXN (ASX:DXN) signs third contract with SUB.CO

DXN (DXN) has singed a third contract with SUB.CO for additional works as part of the Oman Australian Cable System.
Structural Monitoring Systems (ASX:SMN) - Chairman, William Rouse

" Structural Monitoring Systems (ASX:SMN) shareholders seek vote to sack directors

Two directors of Structural Monitoring Systems (SMN) are at risk of being removed from the company’s board after shareholders this week called for