Kycaid logo

Kycaid

Functionality

AML + KYC

Description

Kycaid is a system for online identity verification and compliance management.
Ukraine
18

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Bio

Kycaid, founded in 2018, specialises in online identity verification and compliance management.

Year Founded

2018

Locations

Ukraine

Key Market

Financial Services

Features

Document Verification

KYB

KYC

Screening

Source of Funds

Market Focus

Segmentation

  • Mid-Market

Target Markets

  • Financial Services

Local Group

Data sources and Integrations

Market Map

Kycaid Market Map

Strengths

  • Good and friendly pricing for volume KYC and businesses with smaller number of onboarding.
  • Wide range of services, from ID verification to fraud prevention, covering multiple industries.
  • Global coverage across various countries, supporting businesses operating in multiple regions.
  • The platform is very user friendly.

Weaknesses

  • The range of products are not as deep, just good for KYC and not much else.
  • Reliance on public data may limit insights in more complex, high-risk verification scenarios.
  • Focus on niche industries may limit appeal for broader, more traditional business sectors.
  • Integration options, while available, may not be as flexible as those of bigger providers.

Pricing

Aventine Rating

Aventine Comment

Good option for KYC at volume, but very lightweight and not appropriate for complex b2b work

Raised

N/A

Rounds

Round Details

Kycaid raised funding through a single grant round on December 1, 2022. The funding was provided by Campus for an undisclosed amount.

Investors

  • Campus - Accelerator, Entrepreneurship Program

Executives

Mykola Mashkovskyi
CEO and Co-Founder
Eugene Borysenko
Chief Legal Officer (CLO) and Co-Founder
Maksym Marushkevych
Chief Technology Officer (CTO)
N/A