KYB Process

This page describes the KYB process in detail.
Welcome to Kinto's KYB process walkthrough. The following page aims to assist you to complete the KYB process with as much ease as possible. We recommend reading this entire page before commencing the KYB to ensure you have the correct documentation.
Upon signing up and successfully verifying your email, you will see a prompt to verify your identity. Please select 'I am a corporation'.
Next, you will see a prompt to select a KYB provider. Currently Synaps is enabled. Select and click 'Verify identity with Synaps'.
Next, you will see a page prompting you to select 'New verification' or 'Already verified'. If you have already completed KYB with Synaps you will be able to use this so you do not have to submit further documentation. If you are verifying with Synaps for the first time, please select 'New verification' and continue.
First, you will be prompted to fill out your corporate information. Please fills this in and click continue.
Once complete, you need to complete the page for your designated company individual. You will need to provide to following documetnation for the person submitting the application:
  • A face scan (prompted by the site and done live)
  • An official ID document (such as passport or driving license)
  • Proof of address (dated within the last 90 days)
The individual completing the application can be a shareholder/director or someone else. If the person completing this application is not a shareholder or director, please toggle the relevant box to download and complete the Legal Authorization form. This form needs to be signed by a shareholder/director and the person completing the application.
Next you will see a page where you will have to upload numerous documents, as these are approved they will go green stating 'approved'. While pending, they will remain 'pending verification'. Sometimes, no items are approved until the whole application is submitted.
Following are a breakdown of the documents required for this part of the process:
  1. 1.
    Certificate of Incorporation
This is a state or non-governmental issued document for company formation.
Example documents include:
  • The Certificate of Formation / Notice of incorporation
  • The certificate of Registration
  • LLC Registration
  • Kbis extract
  • Business profile documents
  1. 2.
    Memorandum of Association
The memorandum of association sets up the company and the articles of association govern it.
Example documents include:
  • Latest version of the Memorandum of Association
  • Latest version of the Articles of Association
  • Acceptable equivalent documents by laws, by the Constitution or the operating agreement.
  • In some jurisdictions, registry extract may be accepted if it's a sole proprietorship.
  1. 3.
    Register of directors and shareholders
Company's publicly available information from the country's Companies Register, including address, directors, and shareholders, which must be updated annually. Example documents include:
  • Certificate of incumbency
  • Official document from the registry with the registry seal clearly visible
  • Document certified by a corporate service provider
  • Certified or notarised document by a lawyer/attorney/solicitor/barrister/notary
Note: This document has to show the % of each shareholder/directors interest in the company. It is possible for the document to only show the names of the shareholders whose % exceeds 25% with the remaining names redacted. If this document is not an official government document it is possible to get it stamped/notarised by a legal professional.
Once these documents have been uploaded, please select 'continue'.
Next you will need to verify Ulimtate Beneficial Owners whose stake in the company exceeds 25%. This can be both individuals and corporations. For corporations, another KYB process will be instigated.
Please add a new shareholder for every relevant party holding more than 25% of business interest. For each shareholder, an identification process will be instigated. For individuals, please input their information and status within the company including ownership % (this will appear once relevant information is provided). In addition, the following documentation will be required:
  • An official ID document (such as passport or driving license)
  • Proof of address (dated within the last 90 days)
Once complete, please select 'Submit for verification'.
You will be updated via email regarding the progress of your KYB. However, you can also log in at any time to find the latest status.
If additional information is required you will see the following screen, click 'Resubmit needed documents' to continue.
Next you will see the following page where you can access your application via 'Update my corporate'. It is strongly recommended that you read details provided to you under 'View details' prior to resubmission where notes will have been left for you by the verifier regarding issues and next steps for your KYB process.
Once you have updated anything required you will be able to resubmit for further checks.
Kinto are here to support you throughout your KYB journey - if you have any challenges, please reach out to [email protected] and a member of the team will get back to you.