Jacob Appel
Founder
Binderr
Binderr is an AML/KYC and client onboarding platform that utilizes AI-powered identity verification, real-time corporate structure analysis, and customizable digital questionnaires to streamline compliance for regulated companies. The platform reduces onboarding time and false positive rates while providing global coverage for entity verification and ongoing monitoring.
- Artificial Intelligence
- Enterprise Software
- Financial Technology
- Software Only
Updated 7 months ago
Funding
Raised to date
$2.5MRaised 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.
across 1 round
$2.5M · Seed
Announced Apr 2024
Disclosed cumulative: $2.5M
RoundDateAmountValuationInvestors
Founders
Zak Rose
Founder
Product
Problem
Regulated companies face increasing complexity and time-consuming processes in Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance, particularly in client onboarding. Traditional methods often involve manual data collection, increasing the risk of errors and inefficiencies in verifying identities and corporate structures. This can lead to delays, higher operational costs, and potential regulatory penalties.
Solution
Binderr offers an AI-powered AML/KYC and client onboarding platform designed to streamline compliance processes for regulated entities. The platform consolidates onboarding workflows by providing real-time corporate structure analysis, AI-driven identity verification, and customizable digital questionnaires. By automating key aspects of client onboarding, Binderr reduces manual effort, minimizes false positive rates, and accelerates the verification of individuals and corporate entities across 200+ countries. The system provides ongoing monitoring and risk assessments, ensuring continuous compliance with evolving regulatory requirements.
Target Audience
Binderr targets regulated companies, including financial institutions, legal firms, and other organizations subject to AML/KYC requirements, seeking to streamline client onboarding and maintain global compliance.
Features
- AI-powered facial recognition and biometric authentication for eIDV and KYC.
- Real-time corporate structure analysis to instantly identify beneficial owners (UBOs).
- AML screening for both KYC and KYB, including watchlist screening for Sanctions, Politically Exposed Persons (PEPs), and Adverse Media.
- Customizable digital questionnaires with live data synchronization to client profiles and risk assessments.
- Risk assessments tailored to each firm's unique risk tolerance, with daily updates on jurisdictional risk.
- NFC-based authentication and proof of address checks.
- Advanced sign-off flow and role permissions for compliance management.