HelloFlow raises $1.5M in a seed round led by PreSeed Ventures and Seedcamp

SaaS News -Danish startup HelloFlow raises €1.3 million for its no-code KYC and client onboarding solution(source: SaaS Industry)
At a Glance

HelloFlow, a fintech business, has raised € 1.3 million (about USD 1.5 million) in a seed round from PreSeed Ventures and Seedcamp. The cash will be utilized to strengthen the platform’s advanced capabilities and speed up product development. HelloFlow is a no-code platform that connects with local ID authentication providers to change client onboarding and identity verification in local markets and in banks.

HelloFlow, a fintech startup, has raised €1.3 million (approx. USD 1.5 million) in a seed round led by PreSeed Ventures and Seedcamp.

HelloFlow intends to use the additional funds to expedite product development and enhance the platform’s progressive functionality. Furthermore, the business plans to grow outside the financial sector by providing a full onboarding solution for the legal and accountancy sectors.

HelloFlow, founded in 2020, a no-code platform that interacts with ID authentication providers in local markets, transforms customer onboarding and identity verification in the banking industry. 

Using the platform, you can set up a proper, sleek, and compliant onboarding process and share it with the clients, all inside a single day. This makes it possible to launch your service in new markets across the world within 10 minutes.

Mikkel Skarnager, the co-founder and CEO of HelloFlow

Mr. Skarnager developed a bespoke onboarding and customer identity verification (KYC) setup for the Danish bank and trading platform Saxo Bank. This experience inspired him to create HelloFlow – a low-barrier solution for all financial businesses, regardless of size, market, or resources.

After having spent 2 years building a setup for Saxo Bank it became obvious that doing the same thing all over again at other institutions simply wouldn’t make sense. I wanted a completely new way of thinking about such setups, hence hope to do for financial institutions no less than what Webflow does for web design, but with a focus on KYC and AML compliance.

Mikkel Skarnager, the co-founder and CEO of HelloFlow

Mr. Mikkel began his career at Saxo Bank after creating the ID authentication program NemID for Nets Group on the “other side of the table.” Ciprian Florescu, his co-founder and CTO of HelloFlow, also has an in-depth understanding of how regulatory services are developed.

I and our entire team at PreSeed Ventures have been impressed by Mikkel and Ciprian from the first meeting. There is not only a very strong founder market fit due to their relevant experience, especially with Mikkel’s insight from building a bespoke solution for Saxo Bank, but as a team, they move with an incredible speed and continue to prove a high level of execution skill.”

Alexander Viterbo-Horten, investment director at PreSeed Ventures

HelloFlow’s plug and play solution is a real game-changer for client onboarding, allowing companies to set up processes quickly without the need for custom code. We’re delighted to have the opportunity to work with Mikkel and Ciprian and support them in helping companies say goodbye to slow client onboarding.

Tom Wilson, a partner at Seedcamp
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