Before you receive funding, we need to verify your business so we can comply with anti-money laundering regulations and meet our legal obligations to prevent financial crime. We need to understand both the company and the people who own or control the company.
We know that your time is precious, so we've tried to make it as easy as we can.
It's a simple 3 step process:
After you submit the information, we will check the details and documents and let you know if we need anything else.
To verify your business you will need the following:
An owner is a person who owns 25% or more of the equity interests or voting rights of the company. If they are an executive, you will need to select their role in the company, for example, CEO or CFO. If they are a beneficial owner, choose the "Yes" option.
To verify your business you will need the following company details:
Company formation documents are a set of formal documents filed with a government body to legally document the creation of a corporation. You may have provided documents to your bank when opening your business bank account. These are also referred to as the "articles of incorporation," "corporate charter," "articles of association," "certificate of incorporation," or "articles of organization".
If an owner is also an executive then you only need to add them once.
To verify your business you will need the following details for an executive and each owner:
A beneficial owner is a person who owns 25% or more of the equity interests or voting rights of the company.
When adding an executive, choose the most suitable role that matches your responsibilities. If someone has multiple roles in your company choose the one that is most senior.
When adding an owner, if they don't have a significant responsibility to control the company day-to-day, choose, "No Significant Role"
If you haven't already done so, you should add the executive who will sign the contract to receive Wayflyer Funding. If you have already added them, then just indicate that this person will sign the contract to receive Wayflyer Funding.
The table below lists what to do when you see an error on the executives and owners that you added. We will have already emailed them and asked them to try again, but you may wish to get in touch with them too.
Someone at your company has recently applied for funding from Wayflyer. They have told us that you are either an executive or an owner of the company. To comply with anti-money laundering regulations, we must verify your identity.
If you don't believe you should have been asked to do this, contact our team.
Verifying your identity is a simple process that should take no more than two minutes.
1. Before starting you will need:
2. Follow the link in the email we sent you, which will bring you to the start of the identity verification process.
3. You will then be prompted to take photos of the front and back of your government-issued photo ID.
4. That's it, you are all done!
If the quality of the image isn't good enough we might not be able to recognise it. Below are a few best practices to help ensure that your verification succeeds:
If you continue to have problems verifying your identity, please contact our team.
If you require an alternative identity verification method, please contact our team.