Automated signup for new business consumers

Account signup and onboarding for business consumers is an automated, three-stage process: Know Your Business (KYB), Know Your Customer (KYC) and API signup.

Stage 1 – Know your business (KYB)

During this stage, you collect the following information from your consumer:

  • Name of company
  • Address
  • Registration number
  • Number of directors

Note: It takes 48 hours to receive the KYC report of the company after user provides company’s details in the Freedom portal during sign up.

Stage 2 – Know your customer (KYC)

The next stage requires the consumer to provide information for each director including:

  • Name
  • Title
  • European Union address (for last 12 months)
  • Date of birth
  • Scanned copies of passport and driving licence

Note: If the director’s information has not already been submitted for KYC, the director is contacted via email.

Stage 3 – API signup