Apruve Answer Hub

What is KYC?

KYC stands for "Know Your Customer"

We will collect a series of financial documents from you to share with our financing partners for KYC due diligence. Once we get their sign off, we'll proceed with setting up your account.

This process can typically take 2-3 days.Wikipedia describes the objective of the KYC guidelines are "to prevent banks from being used, intentionally or unintentionally, by criminal elements for money laundering activities. Related procedures also enable banks to better understand their customers and their financial dealings. This helps them manage their risks prudently."