Quantexa secures 144% net retention rate in stellar FY 2022 performance

Quantexa has secured a powerful full year fiscal 2022 performance and has emphasised its 144% net retention rate and 70% increase in committed ARR across the year.

Dating April 1, 2021, to March 31, 2022, the company has announced several new global partnerships, customer wins and has recently hired its 500th global employee. The firm has said it projects to end full-year 2023 with 700 employees.

In fiscal 2022, Quantexa saw a breakout fiscal year in North America, with the region now contributing 30% of total revenue. The company has also opened a new presence in Luxembourg and is continued to power forward in the EMEA region, with the region now representing over 50% of its revenue. Quantexa has also opened offices in Melbourne and Singapore to drive growth in APAC, which makes up almost 20% of total revenue.

In the area of banking – Quantexa’s flagship industry vertical – the company continued to see major growth, nearly 30% of the company’s total revenue now comes from insurance, government and telecom industries.

The firm also saw global sales growth across its core solution suites of contextual data management, fraud detection, customer intelligence and KYC. This, Quantexa claims, reflects ‘strong demand for new offerings with existing customers and growth in new industries’.

In October last year, Quantexa unveiled Quantexa 2, which is the latest version of the firm’s Decision Intelligence platform. The company claims the new platform version introduced ‘powerful capabilities that boost control and functionality, reduce friction, and easily add new data sources to the analytics capability’.

In other developments, the company announced its new customer – Govia Thameslink Railway – in June 2021, to use the former’s solutions to detect and tackle multifaceted transport fraud.

Quantexa also announced Bank of New York Mellon as its latest customer and Series D investor in September 2021, as well as a new partnership with KPMG UK to optimise organisations’ defences against fraud, illicit finance and money laundering.

The UK government’s Cabinet Office also previously signed to use Quantexa’s solutions in order to detect fraud stemming from the loan schemes of Covid-19.

Quantexa CEO Vishal Marria said, “Quantexa continues full sail on its journey as a leading player in the fast-growing Decision Intelligence category. We’re proud to retain sustained support from our loyal customers like HSBC and Standard Chartered Bank, and world-leading partners who include Moody’s, Google, and Deloitte.

“Beyond strengthening our presence in North America and Europe, it is also exciting to see Quantexa attract customers across the APAC region. We look forward to breaking more new ground as a leading Decision Intelligence solution provider with our innovative technology, which is helping to make data meaningful for organizations all over the world, so they can make better, trusted decisions.”

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