Case Study: TransFi achieves 92% approval rates and sub-30-second onboarding with Sumsub

Growing Business Volume with Sumsub’s Reusable KYC

TransFi, a B2B2C Web3 payment company, needed a compliance and verification partner to support its global expansion. Their challenge was to find a solution that ensured regulatory compliance across multiple regions, offered a seamless user experience with fast verification times, and could scale with their growing business demand. They turned to vendor Sumsub for its comprehensive suite of KYC, KYB, and AML products.

Sumsub provided a one-stop solution including User Verification, Liveness checks, and Transaction Monitoring. The integration was smooth thanks to high-quality API documentation. The results were highly successful, with TransFi achieving a 92% approval rate and a median verification time of 30 seconds. Sumsub's Reusable KYC feature was particularly impactful, helping one customer reach a million-dollar transaction volume in their first month.

TransFi