Stage:
Series Pre-B
Raising:
€ 5 000 000
Incorporated:
2012 with HQ in Vienna, AT
Sales Offices: UK & SG
Mission Statement
Today more than 100 million companies trade worldwide. Due to the overall growth of international business relations, the rise of online market places, and the higher level of outsourcing, risks have increased and regulators have strengthened their controls.
kompany helps to mitigate such risk and to fulfil regulatory compliance requirements by providing real-time access to official and audit-proof company information directly from commercial & government registers. Clients use this information to verify and check their international business partners, suppliers and business customers via a webtool or automated via an API. By doing so, clients are enabled to efficiently comply with international regulations, such as anti-money laundering rules, and can reduce third party & fraud risks as well as collection costs.
Facts & Figures
Jurisdictions covered
Legal entities covered
Verifications per year
KYC records
lists of Politically Exposed Persons (PEP)
Market
RegTech is a $24bn Market with Business Verification as NEW segment with $12bn in 2022 alone.
Problem:
- Costs of compliance are increasing due to new regulatory requirements
- High fines are imposed for non-compliance with AML, KYC and msanctions regulations
- Costs of fines by far exceed costs of advanced compliance systems
Solution:
- RegTech enables companies to reduce costs and risk exposure
- RegTech helps to provide audit-proof Business KYC compliance
- Reliance on primary source, real-time company information is key
Product
KYC workspace
Cloud-based Business KYC Solution for team collaboration and management, professional translations and much more.
API
Global register network REST API enabling integration of Business Verification & KYC into compliance, ERP/CRM and core banking systems.
Shareholder Discovery
AI-based Shareholder Discovery lets you find and discover shareholders cross-border incl. an Ultimate Beneficial Owner (UBO) logic.
KYC ONCHAIN
Blockchain technology generating an audit-trail of a time-stamped, immutable KYC records for smart contracts and onboarding.
kompany is able to generate revenues from three different streams:
- SaaS/DaaS – Subscription-based models with full services for €30 000 – € 250 000+ per year.
- Pay-per-Click – Document retrieval, UBO Discovery.
- Value-Added-Services – Concierge, Translations, PEP/Sanctions, Screening, Remediation
More information about business model and traction is provided in the investor deck.
Team
Russell E. Perry
Russell is former CEO of 123people (55m mUV’s) and already successfully exited two companies. He has vast experience in product mgmnt and mobile industry (bwin).
Peter Bainbridge-Clayton
More than 20 years experience as a technical architect for companies such as IBM, Lucent, Telefonica, Orange, Cell C and mobile applications.
Johanna Konrad
Johanna had leading strategy/marketing roles in the mobile industry for Ericsson, Vodafone Group, Telekom Austria as well as 10 years experience in the startup environment.
Andrew Bunce
Andrew has over 15 years experience in project management and UX design for large system interfaces of government & financial platforms.
Clients
kompany serves leading international and regional banking groups, the big four, banking platforms, LEI issuers, and domain name providers amongst others. kompany has a worldwide client base of approximately 4,000 active B2B customers.
More information about clients are provided in the investor deck.
