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§ Private Profile · New York City, NY, USA
AI-driven platform for business identity verification, KYB automation, risk assessment, and fraud prevention for financial institutions.
Baselayer is a software company based in New York that provides an artificial intelligence driven platform for business identity verification, risk assessment, and fraud prevention. The B2B SaaS platform automates Know Your Business compliance and entity verification processes for banks, financial technology companies, and government agencies. By utilizing machine learning on public records and private databases, the system generates risk profiles in real time to streamline commercial customer onboarding. Operating with a team of 21 employees, the company serves over 2,000 financial institutions and government clients, integrating its application programming interfaces into platforms that manage more than 30 million accounts. Baselayer emerged from stealth mode with $6.5 million in seed funding backed by venture capital firms including Andreessen Horowitz, Torch Capital, XYZ Venture Capital, and Founder Collective. The company was founded in 2021 by Jonathan Awad and Timothy Hyde.
Baselayer has raised $27.0M across 3 funding rounds.
Baselayer has raised $27.0M in total across 3 funding rounds.
Baselayer has raised $27.0M across 3 funding rounds. Most recently, it raised $20.0M Seed in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2024 | $20M Seed | — | Astella, Globo Ventures, Grão Venture Capital, Picus Capital | Announced |
| May 1, 2024 | $6.5M Seed | — | Eric Woodward, Jason Mikula, Afore Capital, Founder Collective, Gilgamesh Ventures, Picus Capital, Torch Capital | Announced |
| Feb 1, 2023 | $500K Seed | — | Afore Capital, Aleph VC, Craft Ventures, Data Tech Fund, General Catalyst, NFX, Passion Capital, The House Fund, Thrive Capital, Charlie Songhurst, Henry DE Zoete, IAN Hogarth | Announced |
# Baselayer: Business Identity Verification at Scale
Baselayer is a business identity verification and risk management platform that serves fintechs, banks, and B2B platforms.[2] The company solves a critical gap in Know Your Business (KYB) processes by replacing legacy systems that rely on static data and manual review with a real-time, AI-powered platform that unifies public records, AI agents, and networked intelligence.[2]
The platform enables organizations to verify business identity, assess risk, and monitor compliance across millions of customer relationships automatically.[2] Baselayer's customers report significant operational improvements: one client reduced manual reviews by 60%, while another increased lien matching accuracy to 98%.[4] The company positions itself as a modern alternative to fragmented, time-consuming KYB workflows that traditionally require extensive analyst involvement.
Baselayer was founded in 2008 and is headquartered in Chandler, Arizona.[1] The company emerged from recognizing fundamental inefficiencies in how financial institutions verify business identity and assess risk. Legacy KYB systems created blind spots through disconnected data sources, static information, and reliance on manual processes—leaving organizations vulnerable to fraud and compliance gaps.[2]
The founding team built Baselayer to automate and consolidate these fragmented processes, applying artificial intelligence and networked intelligence to create a unified risk view that operates in real time rather than through spreadsheets and manual review cycles.[2]
Baselayer operates at the intersection of two powerful trends: the explosive growth of fintech and digital banking, and the increasing regulatory complexity around Know Your Customer (KYC) and Know Your Business (KYB) compliance. As financial services move online and serve more business customers, the traditional manual KYB process has become a bottleneck—slowing onboarding, increasing operational costs, and creating compliance risk.
The company's AI-driven approach reflects a broader shift in financial services toward automation and intelligent decisioning. By consolidating fragmented data sources and applying machine learning, Baselayer enables financial institutions to scale their compliance operations without proportionally scaling headcount. This timing is critical as regulators tighten KYB requirements and fraud becomes increasingly sophisticated.
Baselayer is well-positioned to capture significant market share in the modernization of business identity verification. The company's focus on reducing manual review cycles, improving accuracy, and enabling faster onboarding directly addresses pain points that financial institutions face as they scale. As regulatory requirements continue to evolve and fraud tactics become more complex, demand for real-time, AI-powered risk intelligence will likely accelerate.
The platform's network effects—where fraud intelligence becomes more valuable as more institutions contribute data—create a potential competitive moat. Future growth will likely depend on expanding beyond core fintech customers into adjacent verticals (insurance, lending, B2B platforms) and deepening the depth of business intelligence available through the platform.
Baselayer has raised $27.0M in total across 3 funding rounds.
Baselayer's investors include Astella, Globo Ventures, Grão Venture Capital, Picus Capital, Eric Woodward, Jason Mikula, Afore Capital, Founder Collective, Gilgamesh Ventures, Torch Capital, Aleph VC, Craft Ventures.