ComplyCube Supports Capital Pilot in Launching Boost Fund I, the UK’s first Automated High-Volume Investment Fund For High-Growth Startups
ComplyCube, the global verification platform, has partnered with Capital Pilot, the Startup Rating Agency, to provide state-of-the-art KYC verification for Boost Fund I, the UK’s first automated high-volume startup investment fund.
The £5m Boost Fund’s investments are selected using Capital Pilot’s Investability Rating System to back a diverse range of ambitious UK-based startup businesses through its innovative, alternative investment approach.
Richard Blakesley, founder and CEO of Capital Pilot, commented: “We are delighted that Boost Fund I is up and running with a strong mission to promote greater diversity in capital allocation to startups. Thanks to ComplyCube, we have established strong AML controls that meet the most stringent regulatory requirements, ensuring our compliance posture is first-class”.
The novel fund has already announced its first five investments and aims to be the leading UK startup investment fund by volume as it targets to complete 100 investments in less than six months. Shahryar Barati, CCO at Capital Pilot, remarked: “We wanted a diligent and smooth onboarding experience for our investors and startups, and thanks to ComplyCube’s superb platform, we have delivered on both fronts”.
Dr. Tarek Nechma, CEO of ComplyCube, said: “We’re excited to partner with Capital Pilot, lend it our expertise and best-in-class verification platform, and ultimately support its mission to promote greater diversity in capital allocation for startups. We strongly believe startup enablement is core to the success of modern economies”. “ComplyCube inherently accelerates time-to-market, a trait loved by our customers. That’s why we’ve enhanced our Startup Programme to help more businesses access our market-leading identity verification services” stated Mohamed Alsalehi, CTO at ComplyCube.
ComplyCube recently expanded its Startup Assistance Programme, with qualifying startups receiving substantial allowances worth up to £40,000 / $50,000. The programme offers early-stage and growing businesses free identity verification checks and other resources, enabling them to implement engaging customer onboarding and KYC flows.
Success is no accident, it is hard work and perseverance. Congratulations to the entire team at ComplyCube and Capital Pilot in Launching Boost Fund I. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.
For any rectifications, reach out to email@example.com