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NewBanking
Collecting, verifying and storing customer data from both private individuals and companies, and providing a secure solution for Know Your Customer (KYC)
- Fintech
- Seed
Location
Copenhagen, Denmark
Revenue size
EUR 100,000 - 499,999
Year founded
2017
Funding raised
EUR 3 million
Founders
Christian Visti Larsen, Morten Helles
Most relevant investors
The Danish state’s investment fund, Scale Capital
Team size
12
Problem
Personal data, data protection and anti-money laundering regulations demand a great deal of businesses today. NewBanking’s Software-as-a-Service (SaaS) solution solves these issues and creates clarity for a variety of business fields.
SOLUTION
NewBanking provides a SaaS-based platform that helps businesses comply with regulations, and facilitates the access to and handling of customer data from both individuals and companies. The NewBanking IDENTITY-platform provides a one-stop solution for ensuring company compliance with GDPR, Anti-money laundering (AML), and Know Your Customer (KYC). The platform also offers a cost-effective way to create clarity for a wide range of clients, including financial institutions, law firms and capital managers.
KEY CUSTOMERS AND INTERNATIONAL PRESENCE
Their key customers consist of banks, large law firms, capital management companies, and fund management firms. In 2020, Newbanking entered the United Kingdoms as their first international expansion.
Unique selling point
Integration to all company data available on a global scale, verification of data from all countries.
Asia Connection
NewBanking is looking for clients and distribution partners across Asia, and sees many potential opportunities in fighting money laundering in East Asia by innovating the personal data exchange processes.
Pitch
