HelloFlow, a Denmark-based start-up offering a no-code know your customer (KYC) and client onboarding solution, has closed a $1.6m seed round.
Danish finance group PreSeed Ventures and the UK-based Seedcamp led the round with the fintech operator, which has been created to revolutionise client onboarding and identity verification with a no-code platform that integrates with ID authentication services in local markets.
HelloFlow said the service has been set up in response to an increasing focus on anti-money laundering (AML) processes and compliance standards in areas such as gaming, banks and crypto broker services. It added that a recent McKinsey study shows that institutions can reduce operational costs by up to 90% by digitalising their onboarding setup.
“Using the platform, you can set up a proper, sleek, and compliant onboarding process and share it with the clients, all inside a single day. This makes it possible to launch your service in new markets across the world within 1..