The rapid growth and digitization of cross-border commerce,  estimated at over $150T in payments, have introduced  significant complexities and risk

Niva emerges from stealth to tackle global business identity

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2024-07-08 19:00:04

The rapid growth and digitization of cross-border commerce,  estimated at over $150T in payments, have introduced  significant complexities and risks, especially for companies operating in multiple countries. Over 97% of these transactions are between businesses, and verifying business identity—by screening for fraud and meeting local and international Know Your Business (KYB) requirements—is a major point of friction. 

The current process is almost entirely manual, flawed, and varies widely from country to country. Teams of analysts carry out tedious manual procedures to investigate each business and interpret the complex local legal and financial documents submitted by these businesses. This already cumbersome process is  made harder by businesses often submitting incorrect information and documents, leading to weeks of back-and-forth emails between our customers and the businesses applying to use their products.

At Niva, our mission is to accelerate global commerce by making it effortless to trust legitimate businesses anywhere in the world. 

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