Vespia has made it easy to find out who you’re dealing with, no matter where they are established in the world. All the information you need to know is just a few clicks away.
A KYB Solution for Venture Capital Firms
Verify investors 90% faster with a platform that lets you screen entities in minutes and monitor them in real-time.
Automate and Simplify the Full Verification Process
Verify Multiple Investors in Minutes
Collect information from investors simultaneously with questionnaires that automatically screen and store data.
Run Highly Accurate Verifications and Risk Assessments
Check Global Entities With A Robust Database
Automate cross-checking all shared data against information from registries in 190+ countries and 4,000 lists.
Be Prepared for Audits with Daily Monitoring
Stay Informed with Ongoing Monitoring
Real-time KYB checks notify you of urgent business changes and can be accessed as a full audit trail anytime.
What our customers say about Vespia
Vespia is bringing KYB and KYC into the modern world. With their help, we make sure that our compliance team fills in the data gap in a user-friendly way to simplify the process of staying AML compliant and please the regulators.
Our experience with Vespia has been extraordinarily positive. Apart from their technological excellence and commitment to compliance, what truly sets them apart is the unparalleled support from their technical team.
How Does Vespia’s KYB Platform Work for Venture Capital Firms?
A combination of KYB, KYC, and AML data are sorted and analyzed to ensure compliance with every transaction.
Business Data and UBO Discovery
AML Screening
Identity Verification
Onboarding Flow
Automatic Risk scoring
Real-time Monitoring
Reporting and audit trail
Business Data and UBO Discovery
Access Global Data on Business and Ownership
AML Screening and Monitoring
Automate AML Screening and Monitoring
Identity Verification
Verify Partners, Company Founders, and UBOs
Onboarding Flow
Simplify Standard Onboarding Flows
Automatic Risk scoring
Conduct Risk Scoring with Advanced Technology
Transaction Monitoring
Run KYB, KYC, and AML Monitoring for Real-Time Alerts
Reporting and audit trail
Access Reporting and Audit Trails
Core features
Verify Partners and UBOs
Ensure partners, UBOs, shareholders, and business structures are legitimate
AI Compliance Officer
Get notified on changes to the business with real-time alerts
Official Document Sources
Verify the legitimacy of submitted documents with access to over 7,000 document types from official sources in 190+ countries
KYB Monitoring
Periodically verify businesses and partners based on risk profiles and other specifications you need
AML Screening
Conduct comprehensive screening with data from 4,000 lists for PEP, sanctions, and adverse media
Automated Risk Scoring
Advanced technology allows you to assess business risks easily with a customizable matrix and rules
Global Business Verification
Unlock registered business information for 300+ jurisdictions
Real-Time Data Reviews
Access real-time data for 80% of our jurisdiction databases
Compliance Audit Trail
Conduct comprehensive screening with data from 4,000 lists for PEP, sanctions, and adverse media
Integrate with Vespia API and SDK
No need to sacrifice your existing flow. Vespia is universally compatible.
1// RequestKybVerificationInput mutation
2
3mutation Mutation($input: RequestKybVerificationInput!) {
4 requestKybVerification(input: $input) {
5 id
6 }
7}
8
9{
10 "input": {
11 "name": "company_name",
12 "registrationCode": "registration_code",
13 "countryCode": "country_code"
14 }
151Authorization: Bearer $token
Frequently Asked Questions
What is KYB for Venture Capital firms?
KYB (Know Your Business) refers to the process of identifying and verifying the legitimacy of a business or organization to manage risks for the bank and ensure Anti-Money Laundering (AML) compliance. Venture Capital firms are subject to AML compliance and audits. This enforces the need to conduct KYB verifications for startups, businesses, and limited partners, especially if they are from high-risk countries.
What is the KYB compliance process?
The KYB compliance process looks into verifying business information that includes: business registration, corporate structure, operational status, and Ultimate Beneficial Owner (UBO). To confirm the legitimacy of information submitted, banks must access business databases and review relevant documentation.
How does Vespia’s KYB solution streamline the verification and compliance process for Venture Capital firms?
Vespia’s KYB solution provides an all-in-one onboarding, verification, monitoring, and reporting platform. VC firms can cross-check partner and business data with AI technology and global databases for a 90% faster and seamless process compared to manual reviews.
What is KYB vs KYC?
KYC looks into verifying individual customers while KYB takes a deeper dive into business entities to check for legitimacy, ownership structures, and the nature of their transactions.