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
- 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:
- 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.