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Corporate KYB quick guide

KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. (Know Your Business) is the regulated process of verifying the identity, ownership, and legitimacy of a corporate before it can use any financial service. As an EMI (Electronic Money Institution) operating under European AML/CTF rules, we are required to run KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. on every corporate that holds funds, transacts, or is issued cards on our platform.

This page summarizes what KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. means for you what we handle on your behalf, and what your corporate customers need to prepare.

Why KYB is required​

Corporate KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. is driven by the rules that govern us as a regulated payments provider, not by us as a vendor. The relevant frameworks include:

  • 5AMLD / 6AMLD - the EU's Anti-Money Laundering Directives, which require business verification, ultimate beneficial owner (UBO) identification, and ongoing monitoring.
  • National regulators - for example, the MFSA in Malta and the FCA in the UK, which oversee how we apply these rules in practice.
  • Sanctions and PEP regimes - UN, EU, OFAC, and HMT lists must be screened against the corporate, its directors, and its UBOs.

Failing to complete KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. means the corporate cannot be issued cards or accounts, cannot transact, and any onboarded record stays in a restricted state.

What we handle for you​

We run the corporate KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. process end-to-end through our verification flow, backed by an integrated identity-verification provider. We:

  • Collect and validate the corporate's incorporation documents, registry extract, and business address proof.
  • Run KYCKYC (Know Your Customer). Know Your Customer - the identity verification process for consumer customers. This process allows you to securely verify your user's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. on the root userRoot userThe individual who creates the customer. For corporates, the root user needs to be a legal representative of the company, such as a director or someone with power of attorney. For consumers, the root user is the customer. Every customer must always have one root user., directors, and UBOs holding 25% or more.
  • Apply sanctions, PEP, and adverse-media screening on the corporate and its associated individuals.
  • Classify the corporate as a micro-enterprise where applicable, which affects the financial services that can be offered.
  • Apply ongoing monitoring once the corporate is approved.
  • Surface the result through the API and webhooks so your app can react to status changes.

You don't need to be a regulated entity to use our platform - we hold the license and the regulatory responsibility for KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. sits with us.

What you must do​

Even though we run the verification, you are responsible for integrating it correctly:

  • Embed the KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. component. KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. is initiated through our web KYB SDK. If you ship a mobile app, embed the KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. component in a webview or browser handoff.
  • Collect UBO and director information. Your corporate customers need to gather UBO and director details, plus a UBO Declaration Form, before starting verification.
  • Run stakeholder due diligence. Each director, UBO, or other authorised representative needs to complete personal due diligence. See the Stakeholder due diligence SDK for embedding the flow.
  • Listen for status updates. Subscribe to the corporate KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. webhook so your app reacts when verification completes, fails, or needs more information.
  • Don't release financial services early. A corporate in any state other than APPROVED must not be allowed to spend, transfer, or receive funds. The API enforces this - your UI should match.

Supported entity types​

We currently onboard the following corporate types:

  • Private limited liability company (Ltd Co / LLC / GmbH)
  • Partnerships
  • Public limited company (plc)
  • Sole traders (currently registered in the UK, Italy, Germany, and the Netherlands only)

If your customer base includes other entity types - for example, trusts, charities, or non-EU registrations - contact our support team before integrating.

What gets collected​

The standard due-diligence flow captures the following for a private limited liability company; other entity types follow a similar but adjusted set:

  • Corporate basics: legal name, registration country and number, date of incorporation, registered, business, and correspondence addresses, plus contact details.
  • Corporate documents: certificate of incorporation, articles of association (last amendment), recent commercial registry extract showing the UBO structure, and proof of business address.
  • UBO declaration: a signed UBO Declaration Form listing every UBO holding at least 25%.
  • UBO verification: proof of identity and proof of address for each declared UBO.
  • Director verification: KYCKYC (Know Your Customer). Know Your Customer - the identity verification process for consumer customers. This process allows you to securely verify your user's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. of at least one director or authorised representative.
  • Business questionnaire: business website, activities, expected source of funds, and projected transaction volumes.

For the full document reference, see Corporate due diligence and KYB.

Micro-enterprise classification​

Early in the KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. flow, the root userRoot userThe individual who creates the customer. For corporates, the root user needs to be a legal representative of the company, such as a director or someone with power of attorney. For consumers, the root user is the customer. Every customer must always have one root user. answers a short questionnaire that determines whether the corporate is a micro-enterprise. Micro-enterprises are smaller than SMBs and are treated as retail end-customers - closer to consumersConsumers (Consumer). Individual people who can be onboarded as customers on Weavr. Consumer customers require Know Your Customer (KYC) verification. For consumers, the card owner and card assignee are typically the same person. than to fully classified corporatesCorporates (Corporate Identity). Business entities that can be onboarded as customers on Weavr. Corporate customers represent companies and require Know Your Business (KYB) verification. They can have multiple authorised users and issue cards to card assignees.. The classification affects which products and services are available, so factor it into your product design before launch.

Where to go next​

  • Onboard a corporate - the full implementation walkthrough, including KYBKYB (Know Your Business). Know Your Business - the identity verification process for corporate customers. This process allows you to securely verify your business customer's identity. Weavr asks users to submit the information and documentation they need for approval by financial providers. initiation.
  • Corporate due diligence and KYB - the API and document reference.
  • Web KYB SDK - how to embed the verification component in your app.
  • Stakeholder due diligence SDK - how to embed personal verification for directors, UBOs, and other stakeholders.

If you need help understanding which checks apply to your programmeProgrammeA programme represents your application within Weavr. Everything you create - customers, instruments, and transactions - sits beneath a programme. When you register as an Embedder, you receive a programme in the Sandbox and, once approved, one in Live. A programme is not a Workspace: a workspace is your company's account, and it can hold several programmes., contact our support team.