Founded: January 2020

Products: Avallone Hub, KYC Collector, KYC Responder, ownership and control structure creation/management tool

Overview: Avallone is a Copenhagen-based fintech. It says it is on a mission to solve one of the most challenging and complex problems facing large corporations and financial enterprises: how to successfully manage the enormous amounts of complex workflows involved with KYC requests, and maintain the vast documentation systems that are required to run a business with hundreds of legal entities and subsidiaries.

Avallone’s KYC Collector enables companies to request KYC from any type of counterparty. The tool can accommodate high volumes of counterparties and handle complex KYC data points and requirements.

Avallone’s KYC Responder enables organisations to collect, store, structure, e-sign and share the most up-to-date corporate information. The technology uses intelligent abstraction layering (task separation) to improve KYC reply quality and reduce time spent answering requests from banks and other counterparties such as law firms, auditors, and vendors.

Most KYC requests require an ownership and control structure. Avallone offers a full visual overview of legal entity structure – including ultimate beneficial owners – which can be exported and shared. Where a counterparty wants to perform KYCC (know your customer’s counterparty), information received in the KYC Collector can be re-shared.

Clients: Investment Funds, Real Estate Funds and Corporates

Revenue: N/A

Active region(s): Europe

Partners: N/A

Employees: 25

Funding: N/A

Ownership: Founders and third-party investors

Elevator pitch: “Organisations know how important KYC is but often struggle with the complexity and repetitiveness of long, manual, and unstandardised KYC processes. Avallone is solving this issue with a comprehensive KYC platform that enables companies to easily collect and respond to KYC, with the ability to re-use data, collaborate with other departments, create ownership and control structures, and more, all in a single source of truth.”

Website: https://avallone.io/

Email: [email protected]

Phone: +45 3054 4644

TMI view: Compiling and sharing up-to-date KYC data is recognised by most treasurers as an unwelcome burden. A platform that brings it all together and also enables easy sharing must be a welcome addition to the treasury arsenal. 

Verdict: One of the low points of day-to-day treasury life made more bearable.