THE CHAL­LENGE

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE -

COM­MON to all com­pa­nies with am­bi­tions to grow their busi­nesses is the need to raise de­vel­op­ment cap­i­tal. While many man­age to boot­strap dur­ing the startup stage, there comes a point for most when they sim­ply have to reach be­yond their cir­cle of fam­ily and friends to raise more se­ri­ous ex­pan­sion in­vest­ment. This week I caught up with Michael O’dwyer, ceo of award­win­ning startup Swift­com­ply, whose on­line com­pli­ance busi­ness re­cently se­cured some se­ri­ous in­vest­ments and in­vestors.

MICHAEL O’dwyer set up Swift­com­ply in 2016 along with co-founders, Lind­sey Nguyen and David Gib­bons. With eight full-time staff and an ex­pected an­nual turnover this year of more than €1m, their on­line com­pli­ance busi­ness is cre­at­ing quite a stir both here and in the US.

I first came across Michael hav­ing viewed the im­pres­sive Youtube clip of his in­vest­ment pitch at the pres­ti­gious Tech­stars Lon­don ac­cel­er­a­tor pro­gramme in June of 2016 and met up with him and his team re­cently at the com­pany’s head­quar­ters on Dublin’s Fran­cis Street.

“At first glance, our busi­ness doesn’t look all that sexy,” says Michael.

“But what we have done is cre­ate an in­no­va­tive dig­i­tal plat­form that con­nects those who run food and hos­pi­tal­ity busi­nesses with the ser­vices they re­quire by law, from cer­ti­fied tech­ni­cal sup­pli­ers, to en­able them to re­main com­pli­ant with the reg­u­la­tions that gov­ern their sec­tor.

“Our unique dif­fer­en­tia­tor is that we also link them di­rectly into the reg­u­la­tors from the city coun­cil in a way that is more con­ve­nient and cost ef­fec­tive than was pre­vi­ously pos­si­ble — and, most im­por­tantly, in a way that guar­an­tees com­pli­ance.”

Fo­cus­ing ini­tially on ser­vices such as grease­trap clean­ing and drainage line jet­ting, Michael and his col­leagues plan to ex­tend the range of ser­vices they cover to in­clude ev­ery­thing from fire safety and build­ings con­trol reg­u­la­tions to food safety and en­vi­ron­men­tal health — ef­fec­tively be­com­ing a one-stop shop so­lu­tion provider.

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