Verify and validate business customers in minutes for LatAm.
Plutto gathers all the information and documents needed to verify and identify any business in LatAm. We process this information and provide insights to your on-boarding or compliance teams so they can make better decisions. This increases on-boarding speed from weeks to minutes and automates highly manual processes such as requesting and reading documents.
Active Founders
Antonia San Martin, Founder
Worked at Heineken and Nike. Co-founded a travel startup for 1 year. Now I’m CEO @ Plutto, building verification service for businesses in Latin America.
Felipe Domínguez, Founder
Fullstack Dev for some years, now co-founder @ Plutto. I spend a lot of time in the mountains.
Ignacio Márquez, Founder
Graduated as Software Engineer. Worked a couple years as a full-stack developer and scrum master in Platanus, Chile. Co-founded a travel startup for 1 year. Now I'm CTO @ Plutto, building KYB solutions for Latin America.
Company Launches
“I’m sorry but we’re not going to accept your investment. At the moment we’re not taking business clients”. This was the answer we got from a fintech that got us to start Plutto right away.
Hey YC!
We’re Antonia, Ignacio, Felipe and Sebastián and we’re the co-founders of Plutto! We help financial services to verify and validate their business customer in minutes for LatAm.
So, what’s the problem?
Business information is all over the place in LatAm.
If you’re a fintech, bank, payment company, or basically anyone who needs to onboard B2B clients, chances are you spend a lot of time gathering information to know who you are dealing with, and sometimes, to be compliant with the law. This process is called Know Your Business (KYB).
This a time-consuming and expensive process that usually involve lawyers and other people to be completed. A business can wait up to 3 months to open a bank account in Chile and other countries in LatAm.
We allow our clients to solve this problem in a fast and automated way.
How does it work?
The only thing we need is your client’s company registration number (TIN equivalent) and we gather the information for you. This can be done using our dashboard or API. We also help our customers to request private documents that can’t be obtained from any source providing a white label on-boarding form. We also process and review the information of this documents so they don’t have to be manually reviewed.
The outcome is a company profile with all the information, documents and on-boarding steps our clients need to make a solid decision.
This is something that had to be done!
In previous experiences we struggled with this problem, paying up to $100 per customer on-boarding and waiting weeks until they were done. Some of our clients take less than 10 minutes to validate their users and we charge between 6-20 bucks for it.
As we hinted at the start, we once tried to invest our company’s money in a Chilean fintech and get rejected because they were not accepting business clients due to this issue. Absolute madness. We started on this idea the following day.
How can you help us?
At the moment we’re working with our first 6 clients in Chile and we’re looking to expand to other LatAm countries. Specially Perú, Colombia and Mexico so any of the following introductions or meetings will be much appreciated:
- People who work in the on-boarding or legal team in a B2B LatAm fintech.
- Someone who is an expert in law and regulation for fintech, banks or any other business that requires KYB (Know Your Business) in 🇵🇪, 🇨🇴, 🇨🇱 or 🇲🇽.
- Any fintech or company that might need our services in the region.