Accend Raises $3.2M Seed Funding

Accend, a NYC-based company helping fintechs and banks accelerate business customers’ onboarding process, raised $3.2M in Seed funding.

The round was led by Adverb Ventures with participation from Y Combinator, General Catalyst, 645 Ventures, and angels from Brex, Stripe, and Carta.

The company intends to use the funds to expand operations and its development efforts

Co-founded by Joseph Zhou, Pranjal Daga and Yutong Pei, Accend enables fintechs and banks to accelerate business customers’ onboarding process by automatically conducting extensive research into a business’s product, services, beneficial owners and more, gaining insights into industry risks using a highly customizable AI model trained on their risk appetite, and extracting data from financial documents efficiently.

The company serves customers in US and Europe including Slope, Pleo, Pliant, and more.