ComplyCube and Capital Pilot partner to provide KYC verification for Boost Fund I
By Joy Dumasia
ComplyCube, the global verification platform, has partnered with Capital Pilot, the startup rating agency, to provide KYC verification for Boost Fund I, the UK’s first automated high-volume startup investment fund.
Dr. Tarek Nechma, CEO of ComplyCube, said: “We’re excited to partner with Capital Pilot, lend it our expertise and best-in-class verification platform, and ultimately support its mission to promote greater diversity in capital allocation for startups. We strongly believe startup enablement is core to the success of modern economies.”
The £5m Boost Fund’s investments are selected using Capital Pilot’s Investability Rating System to back a diverse range of ambitious UK-based startup businesses through its innovative, alternative investment approach.
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 capital allocation to startups. Thanks to ComplyCube, we have established strong AML controls that meet the most stringent regulatory requirements, ensuring our compliance posture is first-class.”
The novel fund has already announced its first five investments and aims to be the leading UK startup investment fund by volume as it targets to complete 100 investments in less than six months. Shahryar Barati, CCO at Capital Pilot, remarked: “We wanted a diligent and smooth onboarding experience for our investors and startups, and thanks to ComplyCube’s superb platform, we have delivered on both fronts.”
“ComplyCube inherently accelerates time-to-market, a trait loved by our customers. That’s why we’ve enhanced our Startup Programme to help more businesses access our market-leading identity verification services,” stated Mohamed Alsalehi, CTO at ComplyCube.
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