Middesk, Inc.
Headquarters
San Francisco, CAFounded
2018CEO / Founder
Kyle MackEmployees
51-200Funding
Series B — $42MProducts
1 product listedAvg. AI Score
8.0/10Website
middesk.com/
Profile updated
About Middesk, Inc.
Middesk is a business identity platform founded in 2018 by Kyle Mack and Kurt Ruppel, headquartered in San Francisco, California. The company provides software that enables financial institutions and fintech companies to verify the identity of businesses, automate Know Your Business (KYB) compliance workflows, and monitor business entities on an ongoing basis.
The platform aggregates data from government registries, Secretary of State filings, sanctions lists, and other public sources to help customers assess the legitimacy and risk profile of business clients. Primary use cases include business account opening, lending underwriting, and regulatory compliance for banks, credit unions, and fintech lenders. Customers have included companies in the payments, lending, and banking-as-a-service sectors.
Middesk raised a $16 million Series A round in 2021 led by Sequoia Capital, following an earlier seed round. The company subsequently raised additional capital, bringing total disclosed funding to approximately $42 million. Middesk is a graduate of Y Combinator's Winter 2019 batch.
Specialties
Financials
Dated, source-cited figures. Estimates are marked.
Products by Middesk, Inc.
All products by Middesk, Inc. reviewed by our AI panel of experts.
How Our Review Panel Scores Middesk, Inc.
Six independent reviewer personalities assessed Middesk, Inc.'s product on their own terms. They disagreed by 1.2 points — The Finance Lead was the hardest to convince, The Domain Strategist the most positive.
Averaged across 1 reviewed product in our catalog. Scores are out of 10.
Competitive Landscape
Who Middesk, Inc. competes with, and how they differ.
Legacy business-data incumbent with a far larger historical database; Middesk positions itself against D&B on data freshness and API-first delivery rather than breadth of records.
Legacy risk-data and compliance incumbent serving large banks and insurers, named alongside D&B as a Middesk competitor; slower-refreshing data versus Middesk's real-time verification API.
1 product reviewed on TopReviewedGlobal KYC/KYB identity verification platform covering 195+ countries, versus Middesk's narrower but deeper focus on US Secretary-of-State and IRS business-entity data.
Built on consumer identity verification with business verification layered on later, giving it thinner underlying business-entity data than Middesk's US-focused KYB core.
1 product reviewed on TopReviewedUnified global KYC+KYB+AML compliance platform spanning 220+ countries with broader workflow orchestration, versus Middesk's narrower, deeper US business-verification data layer.
Company Timeline
Key milestones in Middesk, Inc.'s history, with sources.
- Partnership
Partnered with Attune on business onboarding
Middesk's KYB verification technology was integrated into Attune's digital origination platform to speed up business onboarding and lending compliance for banks and credit unions.
prnewswire.com - Launch
Launched Address Risk Insights
Middesk added Address Risk Insights, an address-fraud detection feature, to its core KYB product Verify, made available free to existing customers.
prnewswire.com - Launch
Launched Signal, a real-time business risk-scoring API
Signal returns a composite 0-100 risk score with reason codes for a business in a fraction of a second via API.
prnewswire.com - Funding
Series B — $57M co-led by Insight Partners and Canapi Ventures
The round, with continued participation from Sequoia, Accel and Gaingels, brought Middesk's total funding to $77M.
techcrunch.com - Funding
Series A — $16M led by Sequoia Capital
The round, with participation from Accel and Y Combinator, brought Middesk's total funding to $20M.
forbes.com - Funding
Seed round — $4M led by Accel
Middesk's first outside capital, led by Accel's Rich Wong with participation from Sequoia. Founders Kyle Mack (CEO) and Kurt Ruppel (CTO) are former Checkr employees.
techcrunch.com - Founded
Middesk founded
Founded in San Francisco by Kyle Mack and Kurt Ruppel, former colleagues at Checkr, to build a business identity verification platform.
sequoiacap.com
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