Atlas for Platform Required Information
Atlas for Platform — Required information
This page outlines the information Verto requires to onboard each underlying
client as a sub-account on Atlas for Platform. It covers the data you must
collect from your client, followed by the documents required to verify that
information.
Data collection requirements
Before submitting onboarding data via the API, you must collect the following
information from your underlying client.
Business information
| Field | Description |
|---|---|
| Legal business name | Full registered legal name of the entity |
| Country of registration | Country where the business is legally incorporated |
| Company registration number | Registration number issued by the local authority (e.g. CAC in Nigeria, BRS in Kenya) |
| Tax identification number | Tax ID or EIN where applicable |
| Company type | e.g. Private Limited Company, LLC, Partnership |
| Industry / sub-category | Must match Verto's supported industries list exactly |
| Registered business address | Full address including street, city, state, country, and ZIP code |
| Website or online presence | Primary website URL or social media profile links |
| Purpose of business | A description of the company's primary business activities |
Ultimate Beneficial Owners (UBOs) & directors
The following must be collected for every individual who owns or controls 25% or more of the business directly or indirectly (5% or more for South African entities), and for at least one director:
| Field | Description |
|---|---|
| Full legal name | First and last name as it appears on official ID |
| Date of birth | In YYYY-MM-DD format |
| Nationality | Country of nationality |
| Percentage ownership | Ownership stake in the business |
| Is controlling officer | Whether this individual is a director |
| Email address | Required for directors — used to send the T&C consent request |
| Home address | Full residential address including street, city, state, country, and ZIP |
Risk assessment
The following information must be collected to complete the risk assessment for each sub-account:
| Question | Type | Options |
|---|---|---|
| Expected monthly receive volume | Single select | $0–$9.9K, $10K–$49.9K, $50K–$99.9K, $100K–$249.9K, $250K–$499.9K, $500K–$749.9K, $750K–$999.9K, $1M–$1.49M, $1.5M–$1.99M, $2M–$2.49M, More than $2.5M |
| Expected monthly send volume | Single select | Same options as above |
| How would they want to receive money into their account? | Multi-select | My own bank account, Other businesses, Both |
| Countries they will receive money from | Multi-select | List of countries |
| Countries they will send money to | Multi-select | List of countries |
| Reason for transactions | Multi-select | Paying or receiving from clients, Paying suppliers or vendors, Staff or contractor payments, Business operations or expansion, Internal company transfers, Grants or donations, Currency advantage |
Verification requirements
Once the above data has been collected, the following documents are required to verify the information submitted.
1. Know Your Business (KYB)
The following corporate documents are required to verify the legal existence and structure of the underlying business. Exact document titles may vary by jurisdiction — provide the local equivalent where applicable.
- Certificate of Incorporation / Business Registration — the official government-issued document confirming the legal registration of the entity
- Memorandum and Articles of Association (or equivalent) — governing documents, bylaws, or operating agreements outlining the rules of the company
- Register of Shareholders / UBO structure — identifying any individual who owns or controls 25% or more of the company's shares or voting rights (5% or more for South African entities)
- Proof of Business Address — dated within the last 3 months (acceptable: corporate bank statement or utility bill)
2. Know Your Customer (KYC)
Required for all active directors and UBOs holding 25% or more equity:
Proof of identity (one of the following):
- Valid international passport
- National identity card or valid driver's licence (front and back required)
These documents are collected automatically where email address is provided for a shareholder - Verto will send a link to the UBO for these to be provided.
Proof of residential address (dated within the last 3 months, one of the following):
- Utility bill (water, electricity, home internet)
- Personal bank statement
3. Online presence
Provide one of the following:
- Official website URL
- Links to official social media or corporate profiles (e.g. LinkedIn, Facebook, or industry-specific directories)
For businesses without an online presence, the following questions must be answered:
- Do you sell products or services from a physical storefront or location?
- What methods do you use to market your business?
- How do new customers typically find you?
4. Licences and regulatory approvals
Required for businesses operating in regulated industries (e.g. financial services, healthcare, gaming, telecommunications, petroleum):
- Operating licences — copies of active licences or permits required by local or international regulatory bodies
- AML policy — mandatory for all entities engaged in financial services
5. Proof of business operations
At least two of the following documents are required to confirm the entity is actively trading:
- Corporate bank statement showing active transaction history
- Vendor or supplier invoices
- Client agreements or contracts
- Recent tax returns or audited financial statements
For newly incorporated businesses (incorporated less than 6 months ago), the following may be accepted in lieu of standard proof of operations:
Primary — one of the following:
- Equity or investment funding evidence (term sheets, share subscription agreements, investor letters of commitment)
- Accelerator or incubator acceptance letters or funding agreements (e.g. Y Combinator, Techstars, Seedcamp)
- Crowdfunding campaign completion certificates or platform-issued funding summaries
Secondary — at least one of the following:
- Start-up business plan
- Evidence of staff contracts or payroll
- Signed agreements with investors or potential clients
- Software or infrastructure invoices (e.g. AWS, Google Cloud, domain registration)
- Proof of freelancing accounts or marketplace profiles (e.g. Fiverr, Upwork, Amazon)