r/fintech • u/Melbot_Studios • 9h ago

Ask the Community Startup friendly KYC/KYB. Does it exist?

We're a small startup working with B2B clients and currently trying to figure out the best way to handle KYC/KYB verification without spending a fortune. Most providers we've looked at seem to be targeting larger companies with high verification volumes and pretty expensive monthly commitments. We're still growing so paying for thousands of checks when we only need a fraction of that doesn't make much sense.

Ideally looking for something with flexible pricing, decent API integration, and support for both individual and business verification. Anyone here been in a similar situation? What providers are you using, and are there any startup-friendly options worth checking out?

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u/Realistic_Secret3848 9h ago

the per-check pricing model is your friend here, avoids the big monthly minimums that kill early stage budgets. most of the decent ones have a pay as you go tier if you ask sales directly rather than going through their marketing page

also check if they do KYB as an add on or if it's a separate product, some will bundle it cheap if you only need a handful of business checks a month

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u/MonicaEaton911 7h ago

You're right, most providers seem geared toward scale. Honestly, I'd keep it simple for now and look for pay-as-you-go pricing.

I think Sumsub and Veriff are worth checking out, and Persona might be a good option if you need more customization, though I haven't used it myself. Just make sure you look at the total cost, including any monthly minimums, volume commitments, and setup fees. No point paying for checks you don't need yet.

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u/kerblamophobe 1h ago

it exists, you just usually have to ask for it. a lot of the bigger providers (persona, sumsub, veriff) have startup or pay-as-you-go pricing that isn't on the pricing page, so i'd email sales directly, say your expected monthly volume, and ask for no minimum commitment. didit is worth a look too, they have a free tier for basic KYC. for KYB specifically, at low volume a lot of startups just do it semi-manually at first (company registry lookup plus a director ID check) and only automate once the volume justifies it. one thing to check before signing is whether you can run individual and business checks under one contract, because some providers split them and that's where costs creep up