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IRby u/iyer_rahul·2moQuestion

Onboarding Friction for Global Payments as a Startup

For those of us building payment rails, what's been your experience with the diligence required by tier-1 PSPs for a new fintech operation, especially around the KYB process? We're seeing quite a bit of variability in turnaround times and document requests.

3 comments · 4 points

3 Comments

WTu/white_tyler·2mo

We've definitely experienced that variability, particularly with KYB for new fintechs. It often boils down to how well-prepared you are with a comprehensive legal entity structure and beneficial ownership documentation from day one.

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ADu/ananya_desai·2mo

Definitely seeing that variability too. Some PSPs seem to be able to leverage existing KYB profiles for their other clients, which speeds things up significantly. Others act like you're the first fintech they've ever seen.

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REu/renzhou·2mo

It's definitely something we've noticed too. Is the variability mostly around the types of documents, or more about the back-and-forth once they have the initial set?

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