Accend
Accend, formerly known as Accend Technology, Inc, is a fintech company specializing in solutions for B2B fintechs and BaaS providers, offering a range of pricing plans and tools aimed at enhancing operational efficiency and compliance.
Company Overview
Accend, previously known as Accend Technology, Inc, is a company in the Fintech industry, specifically focused on improving operational efficiency for B2B Fintechs and Banking-as-a-Service (BaaS) providers. The company is part of the Y-Combinator Summer 2023 (S23) batch and operates with a small team of three individuals. While the regions they serve are unspecified, they offer solutions designed to streamline and automate manual review processes.
Products and Services
Accend offers a step-by-step guided workflow aimed at Ops & Compliance teams to accelerate and automate manual reviews. The company's platform automates KYB applications, dispute resolutions, transaction monitoring, and more. The service automatically conducts online searches and generates regulatory reports such as CDD (Customer Due Diligence) and EDD (Enhanced Due Diligence). The platform also integrates with various online research sources including Google Search, OpenCorp, LinkedIn, and Crunchbase to generate comprehensive KYB/EDD reports.
Pricing Plans
Accend offers three pricing plans tailored to different user needs: Startup, Growth, and Enterprise. The Startup plan includes all analytics features, up to 250K tracked events, normal support, and a mobile app at a cost of $99/month. The Growth plan, priced at $199/month, includes everything in the Startup plan plus up to 100MM tracked events, premium support, and provisions for up to 10 team members. The Enterprise plan, priced at $399/month, includes all features in the Growth plan along with up to 1B tracked events, dedicated support, and capacity for up to 50 team members. Notably, no credit card is required to start with any of the plans.
Compliance and Integrations
Accend's platform is SOC 2 Type II compliant and adheres to GDPR regulations. The company offers the ability to execute a Data Processing Agreement if required by users. The platform provides customization of reports based on the team's preferences in format, writing style, and risk appetite. It also allows for scaling operations and collaborating with outsourced partners without compromising on efficiency and quality. By integrating with various online sources such as Google Search, OpenCorp, LinkedIn, and Crunchbase, the platform helps Risk Operations teams efficiently generate detailed KYB and EDD reports.
Target Audience
Accend aims its solutions at growing B2B Fintech companies and Banking-as-a-Service providers, focusing on enhancing efficiency and quality output. The platform is particularly beneficial for Operations and Compliance teams seeking to automate manual review processes and conduct comprehensive online research. By offering a range of pricing plans, Accend caters to startups as well as more established enterprises needing scalable solutions for risk management and operational efficiency.