Middesk

Middesk is a comprehensive business identity and verification platform designed to build trust in B2B relationships. It provides the infrastructure layer for companies to make fast, reliable, and compliant decisions when onboarding business customers. By establishing direct connections with every Secretary of State office, the IRS, and hundreds of other government agencies, Middesk offers the freshest and most accurate data available. This allows clients in sectors like fintech, banking, lending, and marketplaces to automate their compliance processes, reduce manual review times, and confidently approve more legitimate businesses, faster. The platform's core mission is to accelerate the economy by scaling trust between businesses, transforming complex compliance requirements into a streamlined, automated workflow.

How to use Middesk

Middesk is primarily an API-first platform designed for seamless integration into existing business onboarding and underwriting workflows. The typical usage process is as follows:

1. Integration: Developers integrate Middesk's robust API into their application or customer onboarding portal.
2. Data Submission: When a new business signs up, their information (such as business name, address, and Tax Identification Number/EIN) is sent to the Middesk API.
3. Instant Verification: Middesk instantly queries its network of government sources to verify the business's legitimacy, status, and associated individuals.
4. Receive Insights: The API returns a comprehensive report including a composite risk score, verification status, detailed business information, watchlist screening results, and any associated liens or bankruptcies.
5. Automate Decisions: Based on the API response and pre-set risk thresholds, businesses can automatically approve, reject, or flag applicants for manual review.
6. Dashboard & Analyst Review: For complex cases, users can access the Middesk dashboard for a detailed view and leverage the 'analyst-in-the-loop' service for expert review, which can boost match rates by 15-20%.
7. Ongoing Monitoring: Utilize the platform to monitor businesses for changes in their status or risk profile over time.

Core Features of Middesk

• Business Verification (KYB): Comprehensive verification including TIN/EIN Match, business name and address validation, and retrieval of official filings from Secretaries of State.
• Credit Assessment & Underwriting: In-depth searches for UCC liens, federal and state tax liens, bankruptcies, and litigation history for both businesses and associated individuals.
• Compliance & Fraud Prevention: Integrated Know Your Customer (KYC) and fraud checks on business owners, plus screening against global watchlists, sanctions, and Politically Exposed Persons (PEP) lists.
• Adverse Media Screening: Automatically screens for negative news and media related to a business and its people to identify high-risk entities.
• Lien Management: A streamlined solution to search, file, and terminate UCC liens directly through the platform, simplifying the lending workflow.
• Direct Government Data Access: Real-time, authoritative data from sources like the IRS and every Secretary of State office ensures maximum accuracy and coverage for all registered U.S. businesses.
• Analyst-in-the-Loop Service: A proprietary service where Middesk's expert analysts review complex cases to resolve discrepancies and increase verification match rates.
• Web Presence Analysis: Gathers insights from a business's online presence, including website analysis and industry classification (NAICS/SIC codes).

Use Cases for Middesk

Middesk is critical for any organization that onboards and transacts with other businesses:

• Fintechs: Quickly verify business customers to satisfy sponsor bank compliance requirements, reduce fraud, and build a trusted platform for B2B services.
• Banks: Automate and enhance KYB, Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) processes to significantly boost auto-approval rates and reduce manual workload.
• Lenders: Streamline the underwriting process by evaluating business credit risk with comprehensive lien and bankruptcy data, and simplify the loan lifecycle with integrated UCC lien filing.
• Marketplaces: Implement frictionless seller verification to block fraudsters, protect the platform's integrity, and comply with regulations like the INFORM Consumers Act.

Advantages of Middesk

Middesk offers a distinct competitive edge through:

• Superior Data Quality: Direct access to primary government sources provides the most current and reliable data, outperforming providers who rely on third-party aggregators.
• Increased Automation and Efficiency: Clients report significant automation in their onboarding flows, with some auto-approving over 50% of new applicants, saving thousands of hours of analyst time annually.
• Comprehensive, All-in-One Solution: It combines identity verification, credit assessment, compliance screening, and lien management into a single, unified platform, eliminating the need for multiple vendors.
• Frictionless Customer Experience: By providing fast and accurate verifications, Middesk helps businesses reduce onboarding friction for good customers, leading to higher conversion rates and faster revenue generation.
• Deep Risk Insights: The platform goes beyond simple verification to provide nuanced risk signals and scores, enabling more confident and data-driven decision-making.

Pricing and Plans

Middesk offers flexible, custom pricing tailored to business needs and usage volume. The pricing structure starts at $500 per month, with volume discounts available.

The services are organized into packages:

• Business Verification Packages (Signal, TIN Match, Verify): Designed to automate compliance and provide foundational business identity checks.
• Credit Assessment Packages (Filter, Evaluate, Lien Filing): Focused on underwriting and credit risk evaluation.
• Add-on Packages: A la carte services that can be added to core packages, including KYC & Fraud checks, Document Retrieval (e.g., Articles of Incorporation), Adverse Media Screening, Enhanced Watchlist Screenings, and Web Presence analysis.

Prospective customers are encouraged to contact the sales team for a custom quote and a demo of the platform.