About Niva

Niva provides an AI-driven platform for automating Know Your Business (KYB) processes, enabling rapid and secure verification of business identities through real-time data validation and document analysis. By reducing application processing times to under 10 minutes, Niva enhances compliance and minimizes fraud risk, facilitating smoother onboarding for businesses globally.

```xml <problem> Traditional Know Your Business (KYB) processes are often slow and manual, leading to extended onboarding times and increased operational costs. Inefficient verification methods can result in lost revenue due to application abandonment and create opportunities for fraudulent activities. </problem> <solution> Niva offers an AI-powered platform designed to automate and accelerate business identity verification, streamlining the KYB process. The platform uses real-time data validation and advanced document analysis to provide a comprehensive 360-degree view of each business. By instantly pre-filling applications, validating customer inputs, and accurately reviewing complex documents, Niva reduces application processing times to under 10 minutes. This allows businesses to onboard customers faster, improve compliance, and minimize fraud risk through sophisticated pattern identification and due diligence checks. </solution> <features> - Instant application pre-fill using public and private data sources - Real-time validation of customer inputs to ensure accuracy and completeness - AI-powered document review with 95%+ accuracy for complex documents like power of attorney and shareholder agreements - Automated due diligence checks using government, public, and private sources to verify business legitimacy - Comprehensive risk assessment covering document tampering, high-risk activities, and adverse media - Customizable APIs that integrate into existing onboarding workflows - SOC-2 Type 2 compliant security infrastructure with robust data protection measures - Country-specific features available in the US and Mexico, with expansion to Brazil and Colombia planned </features> <target_audience> Niva primarily targets businesses in regulated industries, financial institutions, and other organizations that require efficient and secure KYB processes for onboarding new customers and maintaining compliance. </target_audience> <revenue_model> Niva generates revenue through a subscription-based model, offering tiered pricing plans based on usage and features. </revenue_model> ```

What does Niva do?

Where is Niva located?

Niva is based in East New York, United States.

When was Niva founded?

Niva was founded in 2023.

How much funding has Niva raised?

Niva has raised 3300000.

Location

East New York, United States

Founded

2023

Funding

3300000

Employees

8 employees

Major Investors

Gradient

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Niva

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Executive Summary

niva.co 300+

Crunchbase

Founded 2023 – East New York, United States

Funding

Estimated Funding

$3M+

Major Investors

Gradient

Team (5+)

No team information available.

Company Description

Problem

Traditional Know Your Business (KYB) processes are often slow and manual, leading to extended onboarding times and increased operational costs. Inefficient verification methods can result in lost revenue due to application abandonment and create opportunities for fraudulent activities.

Solution

Niva offers an AI-powered platform designed to automate and accelerate business identity verification, streamlining the KYB process. The platform uses real-time data validation and advanced document analysis to provide a comprehensive 360-degree view of each business. By instantly pre-filling applications, validating customer inputs, and accurately reviewing complex documents, Niva reduces application processing times to under 10 minutes. This allows businesses to onboard customers faster, improve compliance, and minimize fraud risk through sophisticated pattern identification and due diligence checks.

Features

Instant application pre-fill using public and private data sources

Real-time validation of customer inputs to ensure accuracy and completeness

AI-powered document review with 95%+ accuracy for complex documents like power of attorney and shareholder agreements

Automated due diligence checks using government, public, and private sources to verify business legitimacy

Comprehensive risk assessment covering document tampering, high-risk activities, and adverse media

Customizable APIs that integrate into existing onboarding workflows

SOC-2 Type 2 compliant security infrastructure with robust data protection measures

Country-specific features available in the US and Mexico, with expansion to Brazil and Colombia planned

Target Audience

Niva primarily targets businesses in regulated industries, financial institutions, and other organizations that require efficient and secure KYB processes for onboarding new customers and maintaining compliance.

Revenue Model

Niva generates revenue through a subscription-based model, offering tiered pricing plans based on usage and features.