KYC/KYB Requirements
Last updated
Last updated
At Kasu, we're committed to providing users with a secure and compliant platform that adheres to global best practice regulations around preventing financial crimes such as money laundering and terrorism financing. Our Know Your Customer (KYC) identity verification process for individuals, and Know Your Business (KYB) identify verification process for non-individuals (such as companies, associations or trusts), are essential to this commitment. This section will guide you through the steps to complete your KYC/KYB verification on Kasu.
Before you can start lending funds on Kasu, you must complete KYC (for individuals) or KYB (for non-individuals) process. This helps us maintain a safe user environment and comply with regulatory requirements.
Simply visit https://kasu.finance/kyc to get started. Otherwise, you can initiate a Lending Request on Kasu, and you will be prompted to complete KYC as part of this process.
The first step is to authorise the process with your Web3 wallet. You'll see a prompt asking you to "Authorise KYC Process." Click this button to proceed.
Once authorised, you'll be directed to the document verification stage. Here's what you need to do:
Submit your email and enter the verification code.
Select if your issuing country is the U.S. or non-U.S. (note, Kasu welcomes U.S. Lenders).
Select your issuing country.
Choose your document type.
Upload a clear photo of your document.
After you confirm your email and jurisdiction, you can upload your documents and verify your identity with a selfie. The first step is to upload the type of documentation you selected.
After uploading the relevant documents, you'll be asked to take a selfie. This step helps verify that you're the same person in the document you submitted.
After submitting your document and selfie, you'll see a "Verification in Progress" screen. When the verification is complete, you will receive an email at the email address you entered.
Once the verification process is complete, you'll see a "Success" message confirming that your data has been verified. You can then close the window.
If you are using a Web3 wallet for a non-individual (such as a company, association or trust), you must follow the KYB process.
Simply visit https://kasu.finance/kyc to get started. Otherwise, you can initiate a Lending Request on Kasu, and you will be prompted to complete KYC or KYB as part of this process. Once selecting KYB, you'll then be prompted to provide identity verification for the entity(ies) related to the Web3 wallet, including any individuals that are Ultimate Beneficial Owners (UBOs). A UBO is any individual that represents at least 25% ownership of any entity within the ownership structure.
After successfully completing the KYC/KYB process, you can start lending on Kasu right away.
The security of our platform and the trust of our users are paramount. By completing this KYC/KYB process, you're helping us maintain a safe and compliant environment for everyone on Kasu.
If you have any questions or encounter any issues during the KYC/KYB process, please don't hesitate to contact our support team via Discord. We're here to help ensure a smooth onboarding experience for all our users.
