TransactionLink Company Profile

Background

TransactionLink, established in 2020, is a Berlin-based company specializing in automating Know Your Business (KYB) and Know Your Customer (KYC) processes. The company's mission is to streamline and simplify business onboarding through a no-code platform, enabling organizations to build and automate their ideal onboarding processes efficiently. TransactionLink serves a diverse clientele, including payment providers, fintech companies, marketplaces, and digital platforms, offering solutions that enhance operational efficiency and compliance.

Key Strategic Focus

TransactionLink's strategic focus centers on providing a no-code platform that allows businesses to create and automate customized onboarding workflows. Key objectives include:

• No-Code Workflow Builder: Enables users to design complex onboarding processes without coding, incorporating if-this-then-that logic and computations.

• Integrated Customizable Forms: Offers customizable forms that can be hosted on clients' sites, providing a white-label interface editable without code.

• Case Management: Facilitates review, commenting, escalation, and creation of custom workflows, ensuring a smooth experience for both customers and internal teams.

• Extensive Integrations: Provides over 150 ready-made integrations with common KYB/KYC data sources across more than 100 geographies, enhancing the platform's versatility.

Financials and Funding

TransactionLink has successfully secured funding to support its growth and product development:

• Seed Funding: In October 2023, the company raised €5 million in a seed funding round led by White Star Capital, with participation from existing investor Target Global and angel investors from London and Paris.

• Utilization of Funds: The capital is intended for product development and expansion into new customer sectors, as well as strengthening the company's presence in Berlin and London.

Technological Platform and Innovation

TransactionLink's platform stands out due to its innovative features:

• No-Code Workflow Builder: Allows users to design and automate onboarding processes without coding, incorporating complex logic and computations.

• Integrated Customizable Forms: Provides customizable forms that can be hosted on clients' sites, offering a white-label interface editable without code.

• Case Management: Enables efficient review, commenting, escalation, and creation of custom workflows, ensuring a smooth experience for both customers and internal teams.

• Extensive Integrations: Offers over 150 ready-made integrations with common KYB/KYC data sources across more than 100 geographies, enhancing the platform's versatility.

Leadership Team

TransactionLink's leadership comprises experienced professionals:

• Mateusz Pniewski, CEO: Holds an MEng in Manufacturing Engineering from Cambridge University. His career includes roles at Rocket Internet, N26, and Visa.

• Kamil Skłodowski, CTO: Holds a degree in physics from Warsaw University of Technology. He began his career at ING as a software developer before joining TransactionLink.

Competitor Profile

Market Insights and Dynamics

The global fintech market was valued at approximately $312.5 billion in 2022 and is projected to reach $1.5 trillion by 2030, indicating significant growth potential.

Competitor Analysis

Key competitors in the KYB/KYC automation space include:

• Alloy: Provides identity decisioning platforms for banks and fintech companies.

• Identity Automation: Offers identity and access management solutions.

• Simeio: Specializes in identity and access management services.

These competitors focus on identity verification and compliance solutions, similar to TransactionLink's offerings.

Strategic Collaborations and Partnerships

TransactionLink has established significant partnerships to enhance its offerings:

• AMLYZE: In January 2024, TransactionLink partnered with AMLYZE to integrate onboarding automation and transaction monitoring tools, providing comprehensive AML capabilities.

• Tuum: In May 2024, TransactionLink collaborated with Tuum to streamline fintech onboarding processes, aiming to deliver a holistic solution meeting evolving regulatory and client needs across the EU and the UK.

Operational Insights

TransactionLink's platform offers several competitive advantages:

• Efficiency: Automates complex onboarding processes, reducing manual work and operational costs.

• Customization: Provides a no-code environment for creating tailored workflows, allowing businesses to adapt quickly to changing requirements.

• Scalability: Supports over 150 integrations across more than 100 geographies, enabling businesses to expand their operations seamlessly.

Strategic Opportunities and Future Directions

TransactionLink is poised for future growth through:

• Product Development: Continued enhancement of its platform to address evolving compliance and onboarding challenges.

• Market Expansion: Targeting new customer sectors and geographies to broaden its client base.

• Innovation: Investing in new technologies and partnerships to stay ahead in the competitive fintech landscape.

Contact Information

• Website: TransactionLink.io

• LinkedIn: TransactionLink on LinkedIn

• Headquarters: Berlin, Germany