The seamless process of obtaining an instant crypto-backed loan from Nexo has just got even simpler, thanks to the partnership of Nexo with Onfido. Onfido is a leading identity verification provider, and works with global clients including Google, Coinbase, Revolut, HSBC, TransferWise 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. This enhances the entire experience for crypto enthusiasts who opt for a credit line instead of selling their crypto and forgoing the upside potential it has.

Onfido provides document and facial checks for Nexo. Onfido’s Machine Learning technology automates the verification process to provide rapid results for Nexo users. This 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 assets in a rapidly expanding token economy that will alter the very fabric of a $5 trillion market. For more information, please visit https://nexo.io and visit https://credissimo.com

About Onfido

Onfido helps businesses digitally onboard users with machine learning technology that validate a user’s identity document and compare it with their facial biometrics.. Founded in 2012, 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 and Revolut. For more information, please visit: https://onfido.com