Björn Lundén takes over Due Compliance

With the acquisition of Due Compliance, Björn Lundén is focusing on the growth of the KYC software market. A move to address the need for compliance solutions.

Swedish company Björn Lundén, known for its accounting and financial management software, has successfully completed the acquisition of Due Compliance AB. The Stockholm-based company specializes in AML, KYC and risk assessments and will now become part of Björn Lundén. This strategic acquisition was backed by Main Capital Partners, a leading European software investor. Financial details were not disclosed.

Due Compliance is Björn Lundén's fifth acquisition within the group. The acquisition is an important step in expanding the range of regulatory tools

Wessel Ploegmakers, Partner and Head of Nordics at Main Capital Partners

The acquisition marks the fifth acquisition since Main Capital Partners became the majority investor in July 2021 and provides Björn Lundén with the opportunity to expand its product portfolio for both existing and new customers. The company is thus strengthening its position in the Nordic countries and the rest of Europe.

Due Compliance offers modern and comprehensive software solutions for KYC and AML for accounting firms, law firms and other companies. The demand for KYC and AML solutions in the audit industry is increasing due to regulations.

Ulf Svensson, CEO of Björn Lundén

Due Compliance offers tools that comprehensively fulfill KYC and AML requirements. These solutions are easy to integrate into existing ERP and CRM systems. By adapting to applicable laws and regulations, they simplify monitoring, screening and controls for end customers. With a customer base of over 300, Due Compliance already serves a wide range of needs.

Analysts predict that the market for KYC software will grow by an average of 21% per year over the next seven years. This growth will be driven by the need for user-friendly cloud-based solutions for customer data management and the need to adapt to an increasingly complex regulatory landscape. Factors such as increased regulatory pressure, financial crime, data security requirements and the globalization of digital processes are driving this growth. This acquisition ideally positions Björn Lundén to respond to this increasing demand for effective compliance solutions. It is a further step towards a broader range of services for clients in the financial sector and beyond.