ComplyCube Offers KYC Verification for Capital Pilot to Launch Innovative Startup Investment Fund

ComplyCube Partners with Capital Pilot

KYC firm has partnered with Capital Pilot to provide end-to-end IDV verification for the UK’s first automated, high-volume investment fund for startups

We are excited to partner with Capital Pilot, lend it our expertise and best-in-class vetting, and ultimately support its mission to promote greater diversity in the distribution of capital to startups.”

– Dr. Tarek Nechma, CEO of ComplyCube

LONDON, UNITED KINGDOM, July 26, 2022 /EINPresswire.com/ — ComplyCube, the identity verification SaaS platform, has joined forces with Capital Pilot, the London-based Startup Rating Agency, to offer advanced KYC verification and AML checks for Boost Fund I, the UK’s first high volume automated seed investment fund.

The Boost Fund aims to support a diverse range of promising UK startups through its innovative and alternative investment approach. The fund’s investments are selected using Capital Pilot’s Investability Rating System, which combines human insight and sophisticated algorithms to produce comprehensive valuations of a startup or growth for potential investors.

Richard Blakesley, founder and CEO of Capital Pilot, commented: “We are delighted that Boost Fund I is up and running with a strong mission to promote greater diversity in the allocation of capital to startups. Thanks to ComplyCube , we have put in place strong AML controls that meet the most stringent regulatory requirements, ensuring our compliance posture is first class.”

True to its vision of investment diversity, the fund’s first five investments include two female founders, one founder from a BAME background and two businesses based outside of London. The Boost I fund aims to be the UK’s leading seed investment fund by volume, as it aims to complete 100 investments in less than six months. Shahryar Barati, CCO at Capital Pilot, noted, “We wanted a diligent and seamless onboarding experience for our investors and startups, and thanks to ComplyCube’s excellent platform, we’ve delivered on both fronts.”

Dr. Tarek Nechma, CEO of ComplyCube, said: “We are excited to partner with Capital Pilot, provide it with our expertise and best-in-class verification platform, and ultimately support its mission to promote greater diversity in capital allocation to startups. We strongly believe that enabling startups is at the heart of the success of modern economies”. “ComplyCube was built from the ground up to accelerate time to market, provide a frictionless user experience and to reduce customer acquisition costs. That’s why we’ve enhanced our Starter Program to help more businesses access our market-leading identity verification services,” said Mohamed Alsalehi, CTO at ComplyCube.

ComplyCube recently increased its Start-up Assistance Package, with eligible businesses able to secure substantial grants worth up to £40,000 / $50,000. The program provides early-stage and growing startups with KYC and identity checks, as well as other resources to empower them to get customer onboarding, and KYC flowing effortlessly.

– About ComplyCube

ComplyCube is a leading SaaS & API platform for Identity Verification (IDV), Anti-Money Laundering (AML) and Know Your Customer (KYC), with customers across telecommunications, financial services, legal, healthcare, e-commerce, cryptocurrencies, FinTech and more.

ComplyCube’s ISO-certified platform boasts the fastest omnichannel integration turnaround on the market with low/no-code solutions, APIs, mobile SDKs, customer libraries and CRM integrations.

Visit www.complycube.com to learn more.

– About Capital Pilot & The Boost Fund

Capital Pilot is the Investment Rating Agency for startups and scaleups. It combines human insight, proven analytics and sophisticated algorithms to produce comprehensive assessments of a startup’s or growth’s attractiveness to potential investors. Capital Pilot is the trading name of Capnova Limited, registered in England with company number 12177695. www.capitalpilot.com

The Boost Fund is a fast-paced, data-driven investment vehicle that supports startups with real potential. It is not open to outside investors. Funded by high net worth investors, it will make fixed investments of £50,000 in 100 startups in just 6 months. Applications for the Boost Fund are made through the Pilot Capital Investability Assessment. Boost Fund I LP is a limited partnership registered in Jersey with registration number 3826. www.boostfund.uk

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