The KYC process explained

Pledged Capital
3 min readMar 12, 2022

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As you are aware, the KYC process is now live. This simple process allows the project to be 100% legit and above board from a legal perspective.

Therefore mandatory KYC will be put in place to ensure the alignment of all parties. Anti money Laundering (AML) checks allows for different and important types of investors to be onboarded, though it will require some foundational information, shared from the blockchain, to be identified through different systems.

Passbase is providing the KYC service for us. Passbase is a well known identity verification engine that allows you to seamlessly verify and manage your users’ identity information with our suite of developer tools and dashboards.

In order to complete your KYC, you will need the following:

· A form of official Identification (Passport, Identity Document, or Drivers License)

· Registered Full Name

· E-mail address

· And you will be required to take a selfie video.

STEP 1:

Click on the following link: https://app.pledged-capital.app/#/login

This is a secure web 3.0 login, that will allow you access to the platform to start the KYC process. At this point, you will be required to connect a web 3.0 wallet.

STEP 2:

Once you have connected your wallet, you will need to click on the “Complete KYC” button

STEP 3:

After clicking on the button, you will need to start the verification now — Click on “Verify Me”

STEP 4:

After completing the steps in the PassBase KYC Authenticator, you will be redirected to a screen that says “Congratulations! You are verified”

At this point, you are done and within a week, will hear back from the team.

Below is a brief break down on the benefits to users on successfully competing KYC:

For more information and insight into the project, please check out our social channels — https://linktr.ee/pledgedcapital

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Pledged Capital

Pledged Capital is a decentralized blockchain based platform where investors can fund start-ups with the lowest risk.