Gradient Ventures led a $3.3 million funding round infintech startup Niva #Niva has emerged from stealth mode to revolutionize global business identity verification. This groundbreaking #fintech startup has officially launched after raising $3.3 million in funding, led by #Gradient Ventures, Google's AI-focused venture fund, and supported by Picus Capital, Canary, Gilgamesh Ventures, and key executives from Chime, Deel, Enigma, and Faire. Niva is set to transform how businesses verify identities across borders. With the rapid growth of cross-border commerce, estimated at over $150 trillion in payments, businesses face significant complexities and risks. Verifying business identities to screen for fraud and meet local and international Know Your Business (#KYB) requirements is currently a manual, error-prone process that varies widely by country. Founded by industry veterans Abhinav Rai and Akhil Naini, Niva leverages advanced AI to build a universal identity layer, enabling instant, reliable, and borderless business verification. Niva's platform automates the tedious process of verifying business identities, reducing onboarding time from weeks to minutes and significantly improving application conversion rates. Niva has already achieved impressive milestones, including raising $3.3 million in funding and serving fast-growing international fintechs like Xepelin and Aplazo, Mexico’s largest BNPL provider. By using AI to analyze data from dozens of public and private sources, Niva reduces fraud and enhances compliance standards, allowing businesses to scale worry-free. The platform automates and speeds up the KYB process, reducing onboarding time from days to less than 10 minutes. It meets and exceeds compliance and anti-fraud standards by capturing and analyzing comprehensive data on businesses. Additionally, pre-filled applications and instant document validation improve the user experience and reduce drop-offs, significantly increasing conversion rates. The announce on #Niva website in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA - Substack: https://lnkd.in/dzfGJzmW
Abhinav Rai
3w
Thank you for the coverage Michele Mattei!
Fintech expert | Manager | Investor | Advisor
3wThe announce on #niva website: https://www.niva.co/post/launch-announcement-2024