Global IDV Provider ComplyCube Expands Startup Utility to $50,000

NEW YORKJuly 5, 2022 /PRNewswire/ — ComplyCubethe award-winning authentication platform, has expanded the startup help to: $50,000The launcher supports qualified businesses with free checks, resources and advice to enable them to implement engaging and hassle-free onboarding and KYC experiences.

Eligible startups can now apply for substantial credit fees for ComplyCube’s products and services worth up to $50,000 to support them in implementing a robust and risk-based AML/KYC framework.

The Global KYC firm says the enhanced assistance will give businesses access to premium features, enabling them to derive more value and increase competitiveness at every touchpoint to win and retain customers. This effectively reduces customer failure rate, which can be as high as 38% with conventional IDV and KYC tools and platforms.

ComplyCube estimates that the expanded program will help up to 100 startups this year. “Startup enablement is at the heart of modern economies in an increasingly intertwined world,” said Dr. Tarek Nechma, CEO of ComplyCube. “That’s why we’ve improved our Startup Program to help more startups meet their legal obligations effortlessly and cost-effectively,” adds Dr. Nechma to you. “It has always been part of our DNA to support startups around the world. The new initiative will make it easier for start-ups and growing companies to launch innovative ideas faster, thanks to our powerful suite of eKYC services,” explains Mohamed AlsalehiCTO at ComplyCube.

As part of the enhanced program, startups can receive financial, business and technology support, including:

  • Minimum of 1,000 credits in initial startup credits, with opportunities to receive additional credits based on Accelerator or VC investor support.
  • Certain startups that can display ComplyCube’s IDV are eligible for a continuous 30% discount on ComplyCube Premium Verification Planuntil $15,000and take advantage of unique KYC capabilities.
  • AML/KYC training and consultancy to upskill staff.
  • Certain startups may qualify for a dedicated ComplyCube Account Manager.

To be eligible, startups must meet the following criteria:

  • Founded less than 3 years ago.
  • Not increased more than USD 5 millionor equivalent, in total funding.
  • Has a publicly available company website.
  • Not an educational institution, government agency, personal blog, developer store, consulting firm, agency, bitcoin or crypto mining company.
  • Committed to building a risk-based AML/KYC framework in accordance with FATF guidelines.
  • Not currently enrolled in the Startup Program.
  • Proof of VC or Incubator support to receive additional benefits.

About

ComplyCube is a global SaaS and API platform for automating Identity Verification (IDV), Anti-Money Laundering (AML) & Know Your Customer (KYC) compliance, serving customers in telecom, financial services, healthcare, e-commerce, cryptocurrency, FinTech and more.

Contact ComplyCube learn more.

SOURCE ComplyCube

Leave a Comment

Your email address will not be published.