I'm excited to share that my new startup, truebiz.io, has been backed by !
We're reinventing corporate due diligence. 🧵 below on why and how
Pinned Tweet
Show this thread
Follow
Danny Hakimian
@dannyhak
Founder @ truebiz.io (YC S22) - verifying businesses for compliance & risk. Previously at , . A 
in the 
in the truebiz.ioJoined August 2011
Danny Hakimian’s Tweets
Welcome to YC S22 and team truebiz.io!
TrueBiz helps financial institutions efficiently meet compliance requirements (KYB) & onboard new businesses faster, by automating the processing of company docs and data: ycombinator.com/companies/true
Quote Tweet
I'm excited to share that my new startup, truebiz.io, has been backed by @ycombinator!
We're reinventing corporate due diligence. 
below on why and how
below on why and howShow this thread
1
2
12
If you're a fintech onboarding business, get in touch to learn more
1
Show this thread
7/ The process takes seconds – not days, so FIs can efficiently meet KYB requirements and onboard new businesses with minimal manual review
1
1
Show this thread
6/ TrueBiz unlocks the data in company documents like Articles of Incorporation, and combines this with lookups against best-in-class data sources.
1
1
Show this thread
5/ FIs have to ask clients to provide information, which is burdensome and prone to human error. Data then has to be manually reviewed by expensive & slow human teams to prove businesses are legitimate.
1
1
Show this thread
4/ There’s also no central, trusted database of businesses and ownership information. Regulators don’t allow FIs to rely solely on Government Registry databases because information there isn’t verified or complete.
1
1
Show this thread
3/ Why? Verifying individuals is easier. They drop digital breadcrumbs about their identity in the 18 years between birth and trying to access financial services Businesses don't: they usually require access to a financial service as soon as they’re incorporated.
1
1
Show this thread
2/ Financial Institutions have to rely on arduous and unscalable manual processes to verify businesses. It's inefficient, costly and delays time to revenue for both the FI and the business itself.
1
1
Show this thread
1/ Onboarding business clients is a major challenge for financial institutions. The automated verification technology that’s ubiquitous in retail services is non-existent in business services.
1
1
Show this thread
Imagine these by 2030 from 's new post:
- Plasma dilution to reverse ageing
- Sustainable fuels reducing cost of energy by 1/10th
- Manufacturing in space
- Vaccines for cancer
elidourado.com/blog/notes-on-
Trying to wrap my head around the logic of pumping $1bn in to a pivot vs using same money to motivate entirely new initiatives
Quote Tweet
Onetime photography leader Kodak is shifting into production of drug ingredients using a loan provided under the Defense Production Act on.wsj.com/331F4AT
1
We’re excited to announce a $100 million investment round led by global capital firm, TPG Growth. We’re helping to combat rising fraud and set the new identity standard for digital access - techcrunch.com/2020/04/15/onf #Onfido #digitalaccess #identityverification #biometrics #AI
5
42
61
New York has become the new center of gravity of European tech.
London and SF are still relevant, but the new generation of European startups with global ambitions now overwhelmingly chooses New York as they scale. Started as a trickle, now a full-on flood.
41
115
614
Whenever I'm stressed I look up pics of people selling mirrors and it soothes me.
The following media includes potentially sensitive content. Change settings
View
324
20.1K
61.6K
Congratulations to Board of Trade Award Winner :
• Attracted $60m from 🇬🇧 & 🇺🇸 investors, including &
• 30 employees in 🇺🇸 & growing
• Founding member of
#GREATTrade
0:23
368 views
1
6
14
Congratulations to the winners of the first 🇬🇧 Board of Trade Awards for 🇺🇸 & 🇨🇦:
Almac
Fever Tree
TradingHub
Onfido
Casual Films
SSTL
Grimshaw
Watch this space for more on the winners. #GREATTrade
1
21
22
Soulja boy off in this hoe
Watch me crank it
Watch me roll
Quote Tweet
1
86
657
New post: ways to think about machine learning.
41
709
1,351
Onfido's a founding member of the Better Identity Coalition. Find out how we're working with , , , and more to bring next generation ID verification to the USA. betteridentity.org #digitalidentity #futureofidentity #authentication
2
2
I’m spending a week in Shanghai and I feel like I’ve time traveled to the future! For one, mobile payment has become the preferred payment method. Here are a few reasons why vendors prefer it over cash and credit.
11
247
395
Show this thread
Sammy Davis Jr. dancing across Madison Avenue, 1959 (Photo/Burt Glinn)
12
36
202
UPGRADING: #bitstamp partnered with to help speed up customer onboarding. This is the latest step in our ongoing effort to improve several of our services. Read more here: bit.ly/2sAbGkE
51
66
193
What he thinks he looks like talking about Bitcoin
Vs
What he actually looks like talking about Bitcoin
90
2,759
13.1K
Show this thread
Don’t miss speaking on Thurs 25th .30pm. He’ll discuss working 'Towards a Digital Identity' alongside #WEF18 #Davos #DigitalIdentity
6
10
So total cryptocoin market cap just hit $0.5T today. But have we *earned* it?
447
3,352
7,525
Show this thread
I chatted to on a train platform and he offered me an interview for a job. Set off a whole series of chain reactions that I'm always grateful for!
Quote Tweet
Who is a person (not counting family) that opened doors for you in your career when they didn’t have to? Anytime is a good time to show gratitude!
Show this thread
3
In earthquake-prone Tokyo, the property market operates in a different way to most other developed countries and is more closely connected to the risk of natural disasters
2
18
28
Some people really benefit from hearing advice that everyone knows, for the same reason we keep schools open despite every subject in them having been taught before.
In that spirit, here's some quick Things Many People Find Too Obvious To Have Told You Already.
72
3,548
7,124
Show this thread