Kyckr Limited announced it has signed a new annual contract with Commerzbank AG ("Commerzbank"), Germany's second-largest bank with over 49,000 employees operating in nearly 50 countries. Commerzbank has previously been using Kyckr's customer verification platform on a pay-as-you-go (PAYG) basis. The new contract extends Kyckr's relationship with Commerzbank to an annual contractual commitment for the Kyckr for Business Portal, with a service value of at least AUD 100,000 over the first period of 12 months. Kyckr's technology will be used to provide automatic access to primary source data and documents during the critical stage of customer verification, primarily for Commerzbank's operations in the UK.

The company reported that during April the Company achieved its highest monthly revenue of AUD 260,000, up 39% on the prior year.