Aurum Solutions

History & Ownership

Aurum Solutions was founded in 2004 by Helen Belcher under the name Groupit. In July 2019, the company was acquired by Phil Hall and Nick Osborn, the co-founders of Accurate Software, who now serve as Executive Directors and Chairmen. The company has remained privately held since the acquisition and has not disclosed any external funding. Its registered headquarters are in Reading, England.

Business Model & Products

Aurum operates a single core product: a cloud-based reconciliation platform marketed under the Aurum brand. The platform is data-agnostic and integrates with over 600 payment providers, banks, platforms, and other systems. Key features include automatic imports from banks, PSPs, and ERPs; custom drag-and-drop matching rules; collaborative tools for exception management; custom dashboards and reports; a full audit trail; automated journal entries; and optional private data hosting for clients who require full data ownership. The company generates revenue through subscription-based licensing of its platform.

Market Position & Clients

Aurum serves industries including iGaming and online betting, financial services, banking, insurance, fintech, payments, hospitality, legal, real estate, retail, and e-commerce. Its client base includes major names such as Betfred, Swinton Insurance, Stonegate Group, NetBet, Campeón Gaming, and Throne Entertainment. The company’s technology is built to handle high-volume transaction matching, making it particularly attractive to sectors like iGaming where daily transaction volumes can reach millions.

Awards & Recognition

Aurum has received several industry accolades. It was named TOP Financial Reconciliation Software in Europe by CFO Tech Outlook in 2025, and won Fintech Company of the Year and High Growth Tech Company of the Year at the Thames Valley Tech & Innovation Awards in 2024, followed by a Rising Star in Tech award in 2025. It has also been shortlisted for the SBC Awards in multiple years for fraud and compliance solutions, and for the Banking Tech Awards 2025 Tech Team of the Year.

Recent Developments

In recent years, Aurum has strengthened its executive team by appointing Tiago Veiga as CEO, along with new CTO David Resende, CFO Paulo Andrade, CMO Vasco Vaz Rodrigues, COO Dave Anfield, CSO Tim Andrews, and CISO Steve Bates. The company has also formed notable partnerships, such as with Fexco Property Services and AvaTrade, and continues to expand its integration ecosystem. Aurum’s brand transformation in 2023 signaled a shift toward a more modern, scalable identity in the reconciliation software market.