Middesk is an identity platform that automates business verification and credit assessment, providing accurate data for Know Your Business (KYB) compliance. The platform enables companies to efficiently verify commercial customers and streamline tax registration, reducing onboarding time and enhancing decision-making processes.
Funding
$77M 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
Verifying business identities and assessing credit risk for commercial customers is often a manual, time-consuming process, especially given the complexity of Know Your Business (KYB) compliance. Inefficient verification processes can lead to delays in onboarding, increased operational costs, and potential regulatory issues.
Solution
Middesk offers an identity platform designed to automate business verification and credit assessment, providing accurate and comprehensive data to streamline KYB compliance. The platform enables companies to efficiently verify commercial customers, assess their creditworthiness, and automate tax registration processes. By providing a unified platform for verification, underwriting, registration, filing, and monitoring, Middesk helps businesses make faster, more informed decisions while reducing manual effort and improving compliance. The platform's easy-to-integrate APIs and dashboard interface facilitate effortless setup and customization, allowing businesses to tailor the solution to their specific needs.
Target Audience
Middesk primarily targets lenders, fintech companies, and banks that need to automate KYB and CIP regulatory compliance, streamline business onboarding, and improve the efficiency of their underwriting processes.
Features
- Automated business verification using a comprehensive data set covering 100% of businesses and Secretary of States.
- Streamlined credit assessment tools to facilitate faster underwriting decisions.
- Automated tax registration capabilities, enabling businesses to register for payroll taxes quickly.
- Easy-to-integrate APIs for seamless integration into existing systems.
- User-friendly dashboard for efficient management and monitoring.
- Flexible and customizable features to tailor the platform to specific business requirements.
- Unified platform for verification, underwriting, registration, filing, and monitoring.