StandardC

company

About

The StandardC portable business identity simplifies access to banking, lending, payroll and insurance services for the cannabis industry.

Details

Last Funding Type
Seed
Last Funding Money Raised
$2.02M
Industries
Banking,Blockchain,Financial Services,FinTech,Information Technology,Payments
Founded date
Jan 1, 2017
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
StandardC Inc.
Also Known As
StandardC

StandardC is transforming how businesses manage risk and compliance. Backed by a team with deep expertise in risk analytics, banking, payments, and regulatory supervision, the StandardC software platform creates and maintains data-rich digital identities to simplify customer onboarding and monitor ongoing business compliance. By removing the complexities of customer compliance and enhancing visibility into business risk, StandardC improves customer experiences and accelerates business development opportunities for financial institutions and businesses. How Financial Institutions & Business Services Manage Risk & Compliance. Software and advisory services to build, grow, and maintain cost-effective solutions for a wide range of compliance-intensive business customers with the StandardC Credential™

The StandardC Credential™ is a validated business ID that identifies compliance-intensive businesses as credible and viable, allowing them to qualify for banking and other critical business services more readily.

StandardC empowers compliance-intensive businesses to create and manage their StandardC Credential™ to streamline applications for banking, lending, insurance, payroll, and other vital services. Once established, a business's StandardC Credential™ is automatically maintained and updated within the StandardC platform to ensure transparency into the company's health, thus ensuring the sustainability of an ongoing relationship with financial institutions and service providers. This portable business ID contains a folio of all pertinent company information, documents, and data on key persons and beneficial owners.

Lower compliance cost structures. With compliance and profitability a focus, financial institutions, and service providers benefit from lower compliance cost structures derived from automated and streamlined initial and ongoing due diligence, KYC, Know Your Customers' Customers (KYCC), and Anti-Money Laundering (AML) transaction testing and compliance.

Know Your Customer (KYC). The StandardC platform streamlines risk management by empowering financial institutions and service providers to perform robust KYC for entities, beneficial owners, and control parties.

Know Your Customers' Customers (KYCC). Automated monitoring for your clients, their customers, and vendors - StandardC's software monitors cannabis license status and screens for watchlist hits, adverse media, and public disclosures to help meet regulatory and compliance obligations.

Pre-transaction monitoring & analytics. StandardC performs automated pre-transaction AML, KYC, KYCC, and counter-party license verification to reduce the burdens on your operations and compliance teams.

Single channel for communications and document archiving. StandardC simplifies data sharing and communications with your clients using a secure chat and file-sharing system, where all communications and interactions are logged in a central audit trail.

One immutable audit trail. StandardC's Distributed Ledger Technology enables one central, immutable audit trail to simplify compliance by automatically capturing and logging key data and records.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$5.02M
StandardC has raised a total of $5.02M in funding over 2 rounds. Their latest funding was raised on Dec 15, 2021 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 15, 2021 Seed $2.02M 1 Hard Yaka Detail
May 1, 2019 Pre-seed $1.50M Detail
Sep 1, 2017 Pre-seed $1.50M Detail

Investors

Number of Lead Investors
Number of Investors
1
1
StandardC is funded by 1 investors. Hard Yaka are the most recent investors.
Investor Name Lead Investor Funding Round
Hard Yaka Yes Seed

Employee Profiles

Number of Employee Profiles
8
StandardC has 8 current employee profiles, including Advisor Erin Gore
Advisor
Executive
Board member
Board member
Executive