Nexo Partners with Onfido for Highest Compliance Standards

Nexo Partners with Onfido for Highest Compliance Standards and Automation

The seamless process of obtaining an instant crypto-backed loan from Nexo just got even simpler thanks to the partnership of Nexo with Onfido, the leading KYC/AML enterprise, providing automated identity verification solutions for other giants like Coinbase, TransferWise, Kraken, Revolut, CME Group and many more. With a team that has a substantial track-record in the credit facilitation industry, Nexo continues to strive for new heights in terms of transparency and compliance with global Know Your Customer (KYC) and Anti-Money Laundering (AML) standards. Onfido’s cutting-edge verification engine allows precisely that, without sacrificing on the user-friendliness of the Nexo platform, thus enhancing the entire experience for crypto enthusiast who opt for a credit line instead of selling their crypto and foregoing the upside potential it has.

Document and facial check are henceforth handled for Nexo by Onfido which guarantees a result for the on-boarding process within 60 seconds in most cases. That is in line with expectations for Nexo’s instant crypto-backed loans, as we value the need for swiftness of operations. The neat verification flow ensures peace of mind for both Nexo’s customers and Nexo as a company. It is furthermore another step for Nexo towards championing self-regulation and designing codes of conduct that will ensure that innovative Crypto FinTechs are here to stay and cannot be challenged on compliance topics by established institutions and governments as was the case in the early wild, wild west days of the blockchain space.

About Nexo

Nexo is powered by Credissimo, a leading FinTech Group serving millions of people across Europe for over 10 years. Credissimo has always operated under the highest regulatory requirements and strictest supervision by multiple European Banking and Financial Services Regulators. Now the same Team and its Board of Advisors, empowered by the ever-growing community of Nexo supporters and enormous demand for the Instant Crypto-backed Loans, are unlocking the value of digital asset in a rapidly expanding token economy that will alter the very fabric of a $5 trillion dollar market. For more information, please visit and visit

About Onfido

Onfido builds trust in an online world by helping businesses digitally verify people’s identities.Using machine learning technology, Onfido validates a user’s identity document and compares it with their facial biometrics. The identity can then be cross-referenced against international credit and watchlist databases. Founded by three entrepreneurs from Oxford University, Onfido has received over $60m in funding from investors including Microsoft Ventures, Salesforce Ventures and Crunchfund. They carry out checks in 192 countries for global customers including ZipCar, Couchsurfing, Revolut and Square.

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