Company: Ballerine
CEO, CTO, CPO: Noam Itzhaki, Alon Peretz, and Nitzan Gelbard
Website: https: //www.ballerine.com/
About Ballerine
Ballerine is the first onboarding and KYB platform that unifies unstructured data from documents, third-party sources, and the open web to create AI agents that power real-time risk decisions. Instead of spending hours collecting and interpreting fragmented data, analysts can now focus on what matters: strategic decision-making while AI handles the rest.
Despite significant efforts by banks and fintechs, many institutions still struggle to accurately assess merchant trustworthiness, allowing bad actors to exploit gaps in the system. Observing this issue firsthand, Noam Izhaki, Alon Peretz and Nitzan Gelbard founded the company in 2022 to drive much-needed change in the industry. The US-based company/startup has raised one pre-seed round and two seed rounds with the most recent funding taking place at the start of 2025.
Designed for banks, fintechs, and similar organizations, the platform automates critical KYC (Know Your Customer) and KYB (Know Your Business) processes from identity verification to risk assessment. It aggregates data from websites, social networks, company registries (like the SEC), sanctions lists, credit agencies, and PEP databases, seamlessly supporting onboarding, underwriting, and transaction monitoring.
Ballerine’s platform has helped financial institutions reduce merchant onboarding time by up to 70%, proactively flag transaction laundering risks, and eliminate the need for fragmented tools. Its modular infrastructure supports global KYB/KYC policies, multi-jurisdiction compliance, and end-to-end automation, making it easier for companies to serve SMBs safely and profitably.
With customers across five continents and a growing open-source community, Ballerine is enabling a new generation of fintechs and platforms to build trust and scale without friction. As part of Mastercard Engage Partner Program, Ballerine now offers pre-integrated onboarding and risk monitoring solutions to Mastercard’s global ecosystem of partners.
