What’s your go-to-market? Who’s your end customer? (Buyer and/or user)
Also, what is your differentiator? What makes it difficult for existing KYC / customer verification / etc to compete in the space? In my mind, if you’ve got a kyc business that is proving AI verification solutions, they could just retrain their models on other documents to satisfy KYB, don’t mean to say it would be easy, but definitely feasible.
Edit: typo
We're predominately selling to US neobanks and fintechs, right now focussing on the smaller ones that are less tied into their existing solution.
KYB is vastly more complex than KYC because there are more things that need to be checked, and for each one a large range of acceptable proof documents. There are also many more edge cases e.g. change of business name or structure, foreign beneficial owners etc. that make an end-to-end solution tricky.
There are other players in this space but they tend to be tools to assist human analysts. We want to fully automate the low risk cases so that they never require human intervention.
Also, what is your differentiator? What makes it difficult for existing KYC / customer verification / etc to compete in the space? In my mind, if you’ve got a kyc business that is proving AI verification solutions, they could just retrain their models on other documents to satisfy KYB, don’t mean to say it would be easy, but definitely feasible. Edit: typo