What it sells
Global payee verification and Know Your Payee API: payee verification, trust score, bank reference data, address verification, supporting EU VoP, UK CoP, US Nacha and FATF16.
Business model breakdown
Buyer: who owns the budget?
UnverifiedHead of payments, fraud/compliance or product at banks, PSPs and remittance firms needing payee checks.
Trigger: what makes them buy now?
UnverifiedRegulatory mandates for payee name checks (EU Verification of Payee, UK Confirmation of Payee, FATF16) and payment-fraud losses.
Workflow: what inputs become what output?
UnverifiedBefore releasing a payout, the payer submits payee name and account; API returns verification result and trust score against bank reference data; mismatches are flagged to stop misdirected or fraudulent payments.
Economics: what it saves and how it charges
UnverifiedAPI usage-based fees per verification, likely volume-tiered; no prices shown.
Distribution: how it reaches customers
Demo-led sales (Request a demo) and a certified CoP aggregator marketplace listing.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-10-06 | Series A | $16M | Foundation Capital (lead) | news.google.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-13.