> ## Documentation Index
> Fetch the complete documentation index at: https://devdraft.ai/docs/llms.txt
> Use this file to discover all available pages before exploring further.
# KYB Verification
> How businesses complete KYB (Know Your Business) verification on Devdraft, what documentation to prepare, and the compliance standards that determine whether a submission is accepted.
# Overview
Business verification (KYB) confirms who owns and operates your business before you can unlock virtual accounts, payment processing, and banking features on Devdraft. The process exists to ensure regulatory compliance, risk mitigation, and security for fund movement. This guide walks through where to start verification, what information and documents are required, the compliance standards your submission needs to meet, and what happens after you submit.
***
## Where to Access Business Verification
Once you've finished registering your account, you can start your **KYB process** from the **Banking** section of the app.
The intro screen explains what's involved before you begin:
> A quick business check to unlock accounts and payouts. You'll provide company details and beneficial owner emails.
**What you'll need:**
| Item | Notes |
| -------------------- | ---------------------------------------------------------------------------------- |
| **A government ID** | Passport, driver's license, national ID, or residence permit |
| **A quick selfie** | To match your face to your document |
| **Proof of address** | A recent utility bill or bank statement |
| **Business details** | Occupation and a supporting document for verification |
| **Time** | About 5 minutes — extra questions may apply depending on your country of residence |
Your information is encrypted and never shared.
Tap **Start verification** to begin.
***
## The Verification Steps
Business verification is completed over several steps. The exact step count and content can vary depending on the business's country of incorporation and risk profile, but generally covers the following.
### 1. Company Information
Tell us about your registered business — this should match your official records:
| Field | Notes |
| ---------------------------- | ---------------------------------------------------------------------------- |
| **Legal business name** | Required — must match your official registration documents |
| **Formation date** | Required |
| **Country of incorporation** | Required |
| **Doing business as (DBA)** | Optional — your trading or operating name, if different from your legal name |
| **Website** | Optional |
| **Tax ID** | Required — your official corporate tax identification number |
### 2. Business Address
Where your business is located — use the registered or primary operating address:
| Field | Notes |
| ------------------ | -------- |
| **Address line 1** | Required |
| **Address line 2** | Optional |
| **City** | Required |
| **Post code** | Required |
### 3. Business Profile
Helps compliance understand how your business operates and how you plan to use the account:
| Field | Notes |
| ---------------------------- | ----------------------------------------------------------------------------------------- |
| **Account purpose** | Required — your operational intent for the account |
| **Business type** | Required — your business structure, e.g. Sole Proprietorship, LLC |
| **Business description** | Required — a detailed overview of what your business does |
| **Industry** | Required — your standard industry classification code, e.g. `458110 — Clothing Retailers` |
| **Estimated annual revenue** | Required |
| **Source of wealth** | Required |
| **Publicly traded company** | Toggle on if applicable |
### 4. Company Documents
Upload your formation documents, proof of ownership, and proof of business address:
| Document | Required | Notes |
| ------------------------------ | -------- | ------------------------------------------------------------------------------------------------------ |
| **Company formation document** | Yes | Certificate of Incorporation or Business Registration |
| **Proof of ownership** | Yes | Shareholder register or other official ownership documentation |
| **Proof of address type** | Yes | Select the type first — options include **Utility bill**, **Bank statement**, and **Rental agreement** |
| **Proof of address file** | Yes | Upload matching the type selected above |
See [Submission Quality & Common Rejection Reasons](#submission-quality-and-common-rejection-reasons) below before uploading — documents that don't meet the freshness, authenticity, and format standards will be rejected.
### 5. Additional Questions (Country-Dependent)
This step only appears for businesses registered in a **high-risk country**, where compliance needs more detail about funds and transactions:
| Field | Required | Notes |
| ---------------------------- | -------- | ---------------------------------------- |
| **Source of funds** | Yes | Select from the provided options |
| **Proof of source of funds** | Yes | Upload a supporting document |
| **Purpose of transactions** | Yes | Select from the provided options |
| **Purpose explanation** | Optional | Describe how you plan to use the account |
Don't assume a fixed set of requirements applies to every business. Which documents and questions appear — including this step — depend on the business's country of incorporation and entity type, and can change accordingly.
### 6. Beneficial Owners
Add email addresses for the company's ultimate beneficial owners:
| Field | Required | Notes |
| ------------------- | -------- | ------------------------------ |
| **Owner 1 email** | Yes | At least one owner is required |
| **Owner 2–4 email** | Optional | Up to four owners total |
Use a different email address from your business contact account for each beneficial owner.
### 7. Accept Terms
Before submitting, you'll be asked to review and accept the terms governing account connectivity and fund movement, along with the applicable Electronic Consent Agreement, Terms of Service, and Privacy Policy.
### 8. Review Details
The final screen shows everything you've entered — company details, uploaded documents, any additional (high-risk) details, and beneficial owner emails — so you can check it's correct before submitting.
* Use **Edit company information** or **Edit owner emails** to go back and fix anything.
* Uploaded documents show a checkmark once attached.
Once everything looks correct, tap **Continue** to submit your business verification.
***
## Submission Quality and Common Rejection Reasons
Most rejected submissions fail for a small set of avoidable reasons. Review these standards before you upload anything.
### Proof of Address Freshness Rule
Bank statements and utility bills must be **issued within the last 90 days**. Documents older than 90 days are automatically rejected — check the issue date on the document before uploading.
### Document Authenticity and Format
| Acceptable | Not acceptable |
| -------------------------------------------------------------------------------------- | ---------------------------------------------------- |
| Original vector PDFs downloaded directly from your bank's or utility provider's portal | Modified or edited PDFs |
| High-resolution, uncropped photos or scans of the physical document | Plain text summaries in place of the actual document |
| | Documents with cropped edges |
| | Blurred images |
| | Informal screenshots |
### Identity Verification (ID)
Your government-issued ID (passport, national ID, or driver's license) must be:
* **Valid and unexpired**
* Photographed with **all four corners visible**
### Matching Data Integrity
The **legal company name**, **tax ID**, and **address** you enter in the form must match your submitted registration documents **word-for-word**. Even small discrepancies (abbreviations, punctuation, or formatting differences) can cause a mismatch and delay your review.
These standards apply on top of the document-specific guidance shown in-app for your business's country and entity type. Follow whatever is presented on screen at the time, and use the standards above as a baseline check before you upload.
***
## How to Upload Documents
On any step with a document field, tap **Choose from your device** (or the upload icon) next to the field and select the file. A checkmark or filename confirms a successful upload.
***
## Submission and Review Status
After accepting the terms and submitting from the Review details screen, your business verification goes to the compliance team for review.
***
## What Happens if Compliance Requests Additional Information
If compliance needs more detail or an updated document to complete the review, they'll follow up directly to request it. Respond with the requested information to keep your verification moving.