16. Sumsub Bryn Glover September 28, 2021 2 min read Our experts We are a team of writers, experimenters and researchers providing you with the best advice with zero bias or partiality. This article was authored by: Bryn Glover Editor Founders: Andrey Sever, Jacob Sever, Peter Sever and Vyacheslav ZholudevFounded: 2016Website: www.sumsub.comEntering the Startups 100 list for the first time in position 16, SumSub develops remote verification solutions that “empower compliance and anti-fraud teams to fight money laundering, terrorist financing and online fraud” – that’s quite a mission.Founded in 2016 by an international team of specialists in machine learning, business process automation and compliance, Sumsub is a risk-driven lifecycle management platform that features a toolkit to help customers automate client onboarding and compliance.An essential – but often overlooked and misunderstood – process for business, the product is designed to streamline traditionally disjointed compliance operations that would otherwise require a great deal of time and resource.Tackling the issue of manual processes and multiple segmented solutions, Sumsub offers customer onboarding workflows based on product, jurisdiction and regulation. Regulated and fraud-prone businesses can run compliance checks on companies, transactions or individuals anywhere in the world, saving up to 50% on compliance costs in the process.Sumsub helps its customers to make the decisions that matter. Ambiguous or questionable applications can be rechecked rather than instantly rejected, and the system works with any type of customer, providing detailed analytics, address checks and transaction monitoring.Working with big-name businesses like Uber, Toyota and Samsung, Sumsub has over 10,000,000 unique users in more than 150 countries. They really have made huge waves in this complex industry. Share this post facebook twitter linkedin Bryn Glover Editor Bryn Glover has been Editor of Startups.co.uk since 2017. Running the site's content strategy, Bryn spends a lot of time speaking to entrepreneurs and preparing for Startups' annual editorial campaigns.Having worked in journalism for just under a decade, Bryn wrote for sites like The Times, Reader's Digest, Independent and Times Higher Education before moving into the small business world.