KYC Hub is a digital verification startup designed to protect organizations from fraud and other financial crimes. The software combines AI, NLP and computer vision technologies to monitor transactions and expose money laundering schemes.
The startup brings in an estimated $6.6M in revenue.
KYC Hub has raised just $230K in funding.
KYC Hub is part of the KYC Software meta trend.
Search volume for “KYC software” has grown more than 2x over the last 5 years.
KYC software helps automate customer identity verification in an effort to reduce customer onboarding costs (estimates put potential customer onboarding savings at approximately 70%).
Importantly, KYC software handles this process while complying with data and privacy regulations.
And demand for KYC software will likely continue considering that the market for eKYC solutions is forecasted to grow 3x over the next four years.