Avallone is a platform that streamlines KYC data collection and management through secure storage, intelligent matching, and a Q&A engine for efficient response handling. It addresses the increasing regulatory demands on companies by simplifying the process of gathering and sharing KYC information from various counterparties while ensuring compliance and data security.
Funding
$5.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Companies face increasing regulatory pressure to comply with Know Your Customer (KYC) requirements, leading to a surge in KYC requests from banks and other third parties. Many organizations lack efficient processes and technology to proactively manage this burden, resulting in duplicated effort, increased operational costs, and potential compliance risks.
Solution
Avallone provides a comprehensive KYC platform that streamlines data collection, management, and sharing to alleviate the KYC burden for companies. The platform features a secure repository for KYC data, intelligent matching to pre-populate answers, and a Q&A engine for efficient handling of KYC questionnaires. Avallone enables companies to proactively collect and consolidate KYC information from various counterparties, such as investors, customers, suppliers, and tenants, and securely share it with requesting parties in a configurable format. The platform also offers legal entity management, UBO visualization, and integrated e-signing capabilities.
Target Audience
Avallone primarily serves enterprises, SMEs, startups, and scale-ups across various industries, including private equity, real estate, banking, and fund management, that need to efficiently manage KYC processes and ensure regulatory compliance.
Features
- KYC Collector: Enables efficient and secure collection of KYC information and documentation from any type of counterparty.
- KYC Responder: Automates the response process to incoming KYC requests with a smart Q&A engine and pre-filled answers.
- KYC Hub: Provides a centralized platform for enterprise KYC handling with banking-grade security and consumer-friendly usability.
- Legal Entity Management: Facilitates the management of complex legal entity structures, including UBO overview and visualization.
- Sanctions Screening: Screens counterparties against real-time databases for sanctions, warnings, PEPs, and adverse media watch lists.
- Company Officer Vault: Offers a secure, private area for officers to upload and share their information while maintaining confidentiality and GDPR compliance.
- Integrated e-Signing: Embedded e-signing functionality through a partnership with DocuSign.
- Full Audit Trail: Document-level permission setting and logging of every single access and sharing event.