Danish finance group PreSeed Ventures and the UK-based Seedcamp led the recent funding round for HelloFlow, a fintech operator focused on revolutionizing client onboarding and identity verification in the finance industry. HelloFlow offers a no-code platform that integrates with local ID authentication services, addressing the growing emphasis on anti-money laundering (AML) processes and compliance standards in sectors like gaming, banks, and crypto broker services. According to a McKinsey study, institutions can significantly reduce operational costs by up to 90% through digitalizing their onboarding setup.
HelloFlow’s platform enables businesses to swiftly establish a sleek and compliant onboarding process, which can be shared with clients in just one day. Remarkably, this allows companies to expand their services into new international markets within a mere 10 minutes. Mikkel Skarnager, the co-founder and CEO of HelloFlow who has extensive experience in the finance industry, highlights the platform’s potential to streamline client onboarding effectively.
Seedcamp partner, Tom Wilson, lauds HelloFlow’s plug-and-play solution as a game-changer in client onboarding. It eliminates the need for custom code, enabling companies to set up processes swiftly. Seedcamp is thrilled to be working with HelloFlow’s co-founders, Mikkel and Ciprian Florescu, in facilitating a faster and more efficient client onboarding experience for businesses.
