KYC refers to “know-your-customer” and is a process of verifying the identity of and assessing the risks associated with customers. KYC aims to establish trust, enhance security, and maintain the integrity of the relationship between a business and its customers.
Investment groups should KYC their investors prior to letting them invest. Through the KYC process, you uncover if any of your investors are associated with illegal or illicit activities. Based on this information, you can exclude investors from investing in your deals.
✅ Presail KYC
KYC is an integrated feature on the Presail platform. The feature can be activated through a simple click.
When setting up fundraising for a deal, require KYC by toggling the switch under "Investor information".
Presail does the rest for you!
The investors are required to sign in with a valid government ID and to do a biometric verification to confirm their identity
Presail collects, analyzes, and verifies government ID and biometric data
Sanctions screening, PEP screening, and adverse media screening is conducted on all investors who have passed the ID and biometric verification
If any of your investors are found to be high risk, or associated with illegal or illicit activities, we will notify you.
Our KYC process includes both automated checks and manual review. The review process is based on rigorous due diligence methodology. If any risks are identified, Presail always reviews and analyzes the information prior to approval/rejection. If you would like to learn more about the KYC process, let us know.