Investee Company KYC process (aka KYB)

After you press ‘Submit for review’, the investee company contact that you have provided will automatically receive an email requesting submission of the company’s KYC (also referred to as KYB) information.

As the syndicate lead, you will be copied into this email. We recommend letting the investee company know that they will receive communication from Odin, as well as setting a reminder to chase them every 24 hours if they do not submit their information in a timely manner. Odin cannot release any funds to the investee company until all KYB checks have been conducted.

We also recommend sharing our shortened Investee Company Guide in case they require more context on Odin and what we do, as well as what’s required of them throughout our process.

This is the form that the investee company will be required to complete. The investee company guide details the requirements for each field. You can share this with the investee company and ask them to complete it ahead of time if desired.

Once the form is completed and has been submitted to Odin by the investee company, that is all that is required from them until deal closing, where investment numbers are finalised and legal documents are countersigned by Odin and the Investee Company.

Having received this form submission, Odin will then review all information, conduct KYC checks on the ultimate beneficial owners (UBOs) of the investee company, and then complete a short manual check on all materials provided (pitch deck, website, investment agreement etc.) to verify the investee company is in good standing and appears to be a legitimate going concern.