Simur Logo

Simur

Functionality

Digital Wallet

Description

Simur is a KYC digital wallet and an onboarding platform created for Fund Admins, Financial Services and Law Firms.
USA
25

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Bio

The platform enables users to conduct self-verification and manage their AML data, which they can share with any business partner. Simur emphasizes the importance of users controlling their digital information while offering compliance professionals a comprehensive onboarding toolkit that includes features such as KYC/Screening, Risk Scoring, and additional functionalities.

Year Founded

2019

Locations

Global Coverage

Key Market

Financial Services

Features

Adverse Media

Digital Wallet

Expired IDs

KYC

NFC Chip

Ongoing Monitoring

Questionnaires

Risk Scoring

Screening

Market Focus

Segmentation

  • Mid Market
  • Enterprise

Target Markets

  • Financial Services
  • Fund Administrators
  • Legal
  • Wealth Management

Local Group

Data sources and Integrations

  • Screening through MemberCheck

Market Map

Simur Market Map

Strengths

  • Digital wallet allowing end users to hold one profile for all their AML/onboardings and share that with interested companies
  • Anytime the user updates any of their information, all the companies that had onboarded the client would also have that data point updated (think about company structures/passports/etc)
  • Customisable questionnaires and workflows

Weaknesses

  • Requires clients to do all the heavy lifting (KYB, Questionnaires, KYC - everything has to be filled and done by the client)
  • The UX/UI needs work, as well as data flow across modules
  • New player in the market, needs time to cook in the oven

Pricing

Completely free to sign up to and use - only get charged for things like Screening, Ongoing Monitoring and KYC usage.

Aventine Rating

Aventine Comment

If the digital wallet catches on this could be the most powerful tool to date, but it does require people to become familiar with what Simur is, meaning it needs tons of money for marketing and educating the market to download and update their AML packs. Might make the process even longer since all the work has to be done by the client - no KYB fetch

Raised

N/A

Round Details

Investors

Executives

Amber Ramsey
Chief Digital Officer
Javier Chaos
Chief Technology Officer
N/A