Onboard a corporate

A corporate identity represents a business entity that can be provided with financial services such as cards or IBANsIBAN International Bank Account Number - a standardized international bank account identifier. Managed accounts can be assigned an IBAN to enable wire transfers to and from bank accounts outside of Weavr. IBANs are required for EUR accounts and enable SEPA transfers.. Before it can use any service, the corporate needs to be registered, its root userRoot user The individual who creates the identity. For corporate identities, the root user needs to be a legal representative of the corporate such as a director or a representative who has the power of attorney over the company. For consumer identities, the root user is the owner of the identity. Every identity must always have one root user. set up, and the business verified through KYBKYB Know Your Business - the identity verification process for corporate identities. This process allows you to seamlessly and securely verify your business customer's identity. Weavr will ask users to submit the necessary information and documentation so that they can get approved by financial providers..

Onboarding journey

1. Create a corporate identity - register the corporate and its root userRoot user The individual who creates the identity. For corporate identities, the root user needs to be a legal representative of the corporate such as a director or a representative who has the power of attorney over the company. For consumer identities, the root user is the owner of the identity. Every identity must always have one root user. with POST /corporates.
2. Set up the root user - set their password, verify their email, and enroll an authentication factor.
3. Complete KYB - submit due diligence information and documents through our KYBKYB Know Your Business - the identity verification process for corporate identities. This process allows you to seamlessly and securely verify your business customer's identity. Weavr will ask users to submit the necessary information and documentation so that they can get approved by financial providers. component.

Once KYBKYB Know Your Business - the identity verification process for corporate identities. This process allows you to seamlessly and securely verify your business customer's identity. Weavr will ask users to submit the necessary information and documentation so that they can get approved by financial providers. is approved, the corporate can hold financial instrumentsInstrument A financial product owned by an Identity. There are two types: Managed Accounts (stored-value accounts that hold balances and can receive wire transfers) and Managed Cards (prepaid cards - virtual or physical - used for purchases). and transact.

Optional next steps

• Invite additional users to act on the corporate's behalf with specific roles.
• Configure your app's base URL so email verification links resolve back into your app.
• Subscribe to webhook events to receive asynchronous updates on the corporate's KYBKYB Know Your Business - the identity verification process for corporate identities. This process allows you to seamlessly and securely verify your business customer's identity. Weavr will ask users to submit the necessary information and documentation so that they can get approved by financial providers. status.