Lithuania-based know your customer (KYC) solutions provider Ondato develops remote KYC and compliance solutions that help in identifying private individuals and legal entities, review data registers and authenticate clients with the highest security and reliability requirements. In a latest news update, the startup has secured €450k pre-seed funding from Start-up Wise Guys accelerator fund.
Start-up Wise Guys fund is a part of the Acceleration Fund Programme, which is financed via the Business Finance Fund that in turn is financed by the European Regional Development Fund. The Business Finance Fund gets funding via EU funds based on the 2014-2020 EU fund investment action programme in the country.