Feb 20, 2023
KYB checks are becoming the norm for new business partners to ensure compliance with regulations. This process plays a crucial role in managing the risks involved in onboarding clients and partners.
Laborious and demanding task
Despite its importance, validating a significant amount of data is a time-consuming and resource-intensive task involved in the KYB process. The time devoted to verifying each partner is valuable and can be better utilized to improve other aspects of your project. Not to mention, projects run the risk of losing partners while undergoing the KYB process due to the tiring and repetitive nature of conducting KYB checks across multiple platforms.
Streamline your process for success
By implementing a reusable KYB system, you can increase your conversion rate by 100%. It grants access to important partner details such as their business profile, legal and financial information, and other relevant details of pre-verified venture capitalists.The solution's scalability simplifies the workflow of those reviewing applications. Not only that, but your partners and ultimate beneficial owners (UBOs) can now experience a significantly enhanced onboarding process, freed from the hassle of searching for relevant documents.
Our Achievements75% onboarded web3 VCs2600 companies verified$5B+ fundraising raised600+ private sales supported.
Reusable KYB with Synaps
With Synaps' comprehensive database of pre-verified venture capitalists and user-friendly interface, you can save a considerable amount of time on business verification. We manage all your identity verification needs, freeing up your time and ensuring you comply with global regulations.
Synaps’ KYB solution is right for you if you are looking for:
Easy integration: Our turnkey technology allows you to integrate your entire verification flow in seconds
Personalized verification: Benefit from a gradual identification flow based on your project’s requirements. Leverage our reusable KYB for other community entries such as grant programs or private sales
Compliance: Synaps KYB prepares projects for future regulations and helps them stay extremely compliant during a time when there is an increase in regulatory inquiries