TransactionLink, a platform that streamlines business onboarding processes and automates KYB (know your business) procedures, has secured €5 million in a seed round to expand its product into new sectors and grow its co-headquarters in Berlin and London. The funding round was led by White Star Capital, with participation from existing investor Target Global and other angel investors from London and Paris.
TransactionLink allows teams to create and automate their business onboarding processes without the need for coding. It offers features like creating complex workflows, incorporating risk and decision logic, and integrating with KYC/KYB services, all through a user-friendly drag-and-drop builder. The platform automates both back-end checks and front-end customer interactions, reducing the need for large and costly operations teams. This approach also saves engineering teams time as they don’t have to build onboarding processes from scratch.
The company currently works with over 50 customers worldwide, including Fortune 500 companies and global payments provider Fiserv. It provides over 150 ready-made integrations to common KYB/KYC data sources across more than 100 geographies and offers white-label solutions. TransactionLink speeds up merchant activation for payment service providers, reduces manual work when opening business accounts with banks and wealth management platforms, and decreases churn during onboarding.
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}