Trébol Secures $3 Million to Help Banks and Lenders in Latin America Automate the Verification Process for Businesses
Summary
Tr\xe9bol, a startup that seamlessly automates business identity verification and underwriting decisions, has secured $3 million in seed funding to help modernize how companies in Latin America are onboarded. Tr\xe9bols infrastructure is revamping how banks, lenders, and compliance officers onboard their business customers by automating traditional pen-and-paper processes. With Trebols technology, banks and lenders can quickly access must-have data from reliable sources such as formation documents, tax records, proof of address, and more to onboard a business safely.In todays market, banks can easily verify a consumers identity by asking for a few pieces of information, allowing customers to open new financial products almost instantly. It can also delay the opening of any accounts, a procedure Fabian Torres Becerra, CEO and co-founder of Tr\xe9bol, is all too familiar with as a former financial industry executive and entrepreneur. Tr\xe9bol has identified a real problem when it comes to business verification in Latin America and they found a way to fix such a tedious process thats been long overdue.
Funding
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