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In the complex world of financial compliance, one of the toughest challenges has been the Know Your Business (KYB) process. This essential step ensures businesses are legitimate and meet strict regulatory standards, but it has long been bogged down by manual, slow methods stretching onboarding times from weeks to sometimes months. Chaitanya Sarda, CEO of AiPrise, saw this struggle firsthand and dedicated himself to revolutionizing it.
A vision born from experience
Chaitanya’s journey began in India’s most prestigious technical institute, IIT Kharagpur, where he excelled among half a million hopefuls to earn his place. His early career took him to Oracle and then Google, where he led advanced fraud detection projects. At Google, Chaitanya developed machine learning algorithms that blocked millions of spam calls daily and crafted the global caller ID system. These experiences gave him a deep understanding of how technology can fight fraud and automate complex processes.
Bringing this expertise into the compliance space, Chaitanya founded AiPrise with a bold vision: to replace the fragmented and manual KYB systems with one seamless, AI-powered platform. AiPrise taps into over 800 business data points from more than 200 countries, making it possible to onboard companies worldwide with unmatched speed and accuracy.
Transforming KYB from weeks to minutes
Traditionally, onboarding new businesses through KYB has been a daunting process filled with paperwork, manual checks, and fragmented systems. This slow pace drives up costs and frustrates both financial institutions and their clients. AiPrise’s breakthrough technology automates and streamlines verification, shrinking this weeks-long ordeal to just minutes.
The platform’s secret lies in intelligent auto-fill technology that completes complex onboarding forms by simply using a company’s name or registration number. This innovation doesn’t just cut time—it improves accuracy by reducing the risk of human error. Financial institutions benefit from significant cost savings and operational efficiencies, while businesses enjoy faster approval and smoother access to global markets.
Impacting real businesses globally
AiPrise’s impact is tangible. With more than 120 paying customers worldwide, including four publicly traded companies listed on US stock exchanges, it is clear that Chaitanya’s platform is making a difference. AiPrise has helped banks, payments providers, and other financial institutions expand confidently into new geographies without compromising on security or compliance rigor.
This success is backed by the community too. Selected by the elite YCombinator accelerator among thousands of applicants—AiPrise secured $2 million in seed funding from prestigious investors, including Okta Ventures and Liquid 2 Ventures. These endorsements speak to the potential not only of the technology but of the team’s vision to transform the KYB industry.
Leading with innovation and integrity
Chaitanya doesn’t just run a business; he leads a transformation in an industry historically resistant to change. He continues to write and speak about the need for innovation in compliance, educating others on how AI and automation are vital to overcoming the global challenges KYB presents today. His published research on language-based fraud detection reveals the depth of his commitment to blending technology and compliance to create safer, more reliable financial ecosystems.
From his early days combating spam at Google to pioneering AI-driven KYB at AiPrise, Chaitanya’s story is one of relentless innovation guided by deep expertise and a passion for solving real-world problems. His platform changes how businesses are verified and onboarded worldwide, setting a new global standard for speed, trust, and security.
