CoorpID

What CoorpID does

CoorpID is a subscription-based SaaS platform that functions as a secure, centralized digital vault for corporate Know Your Customer (KYC) documentation, enabling corporates to upload KYC artifacts once and share them with multiple banking partners via permissioned workflows. Founded in 2018 and originally incubated inside ING Bank N.V., the platform was acquired by Encompass Corporation in January 2024 and rebranded into two go-to-market products: EC CoorpID (for corporate users) and EC Private Outreach (for bank users), embedded within the broader EC360 corporate digital identity platform. The product suite includes an Entity Vault for document storage, an Ownership Structure Module that supports UBO identification at 10%+ thresholds, multi-entity invite and review workflows for corporate groups, and role-based User Access Management with Chinese wall protections.

The platform is built as a cloud-based collaboration application hosted on Microsoft Azure in Western Europe, with encryption at rest and in transit, mandatory two-factor authentication, and alignment with ISO/IEC 27001, ISO/IEC 27018, SOC 1, and SOC 2 control frameworks. It supports English and Dutch, and integrates corporate identity verification with real-time global public data via the EC360 platform to produce a 360-degree view of corporate clients. Pricing is custom and not publicly disclosed; terms specify annual subscription billing with 60 days' notice for fee changes, consistent with mid-market enterprise SaaS contracting.

CoorpID serves two primary segments: banks and financial institutions (which invite corporate clients to the platform to fulfill Customer Due Diligence under AML/CTF regulations) and multinational corporates (which use the vault to eliminate repetitive email-based KYC submissions to multiple banks). Distribution is hybrid: direct self-serve registration via the website for corporates, plus bank-partner referral for corporate onboarding. The company is registered as Encompass Corporation UK Limited (Glasgow), with operating presence in Amsterdam.

Name

CoorpID

Legal name

Encompass Corporation UK Limited

Website

https://coorpid.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

CoorpID is a subscription-based KYC digital vault enabling multinational corporates to store compliance documents once and share them with multiple banking partners, serving Tier 1 banks and global corporate clients within the Encompass EC360 platform.

Ownership category

akta.pro rank

Product category

Regulatory Compliance Software (KYC/CDD)

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Business Service Centers (56143)

SIC

Finance Services (6199)

akta.pro primary industry

KYC/Client Due Diligence & Participant Onboarding Controls (FSAFAKAF)

akta.pro secondary industries

Beneficial Ownership (UBO) & Corporate Registry Verification (KYB) (FSAMAMAK), Account Opening, KYC/AML & Customer Due Diligence (CDD/EDD) (FSABALAA)

Keywords

• KYC document vault
• Corporate digital identity
• Customer due diligence
• Regulatory compliance software
• Shared KYC platform

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations

Revenue model

1. Subscription-based SaaS Service: CoorpID operates as a subscription-based cloud service. Costs and fees are defined in a subscription confirmation sent to clients separately. Encompass can change fees upon 2 months' prior written notice. All payments are made without set-off, deduction, or counterclaim. Amounts are exclusive of VAT.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

CoorpID is a secure, cloud-based digital vault that allows corporates to centrally store their Know Your Customer (KYC) documents and share them with multiple financial institutions, while enabling banks to request, review, and manage Customer Due Diligence (CDD) information for their corporate clients. The platform supports ownership structure mapping with automatic Ultimate Beneficial Owner (UBO) tagging at 10%+ thresholds, multi-entity group reviews, and audit-logged document sharing, replacing repetitive email-based KYC exchanges between corporates and banks.

Product overview

CoorpID is a single unified product - a secure, centralized cloud-based digital vault platform for storing and sharing KYC (Know Your Customer) information. In January 2024, CoorpID rebranded to EC CoorpID (for Corporates) and EC Private Outreach (for Bank users) following its acquisition by Encompass Corporation. The platform enables corporates to store KYC documents and share them with multiple financial institutions, while banks can request, review, and manage corporate client documentation. Key modules include the Entity Vault for document storage, Ownership Structure for tracking corporate hierarchies and UBOs, and User Access Management with role-based permissions. The platform is designed to streamline Customer Due Diligence (CDD) and KYC review processes, reducing repetitive manual tasks for both banks and corporates.

Differentiator

Problem solved

Functional benefit

Products and services

• EC CoorpID (CoorpID for Corporates) A secure, centralized cloud-based digital vault for corporates to store and share Know Your Customer (KYC) related documents and information with multiple external financial institutions, eliminating the need to respond separately to each bank's KYC requests. Includes ownership structure mapping with UBO tagging, entity management, and role-based user access.
• EC Private Outreach (CoorpID for Banks) A digital vault solution for bank users to request, store, structure, track, and exchange KYC-related documents with their corporate clients, supporting multi-entity group KYC review in a single workflow with audit-logged document status tracking.

Quantifiable outcome

• Reduces repetitive manual KYC tasks, avoids errors, saves time, and cuts costs for both banks and corporates

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Microsoft AzurecoreTechnology or Integration · 1 January 2024CoorpID stores its data within Microsoft Azure's cloud infrastructure managed in Western Europe. Azure services are governed by compliance with ISO/IEC 27001, ISO/IEC 27018, SOC 1, and SOC 2 standards. CoorpID's main databases, storage accounts, and backups are encrypted at rest, and data is encrypted in transit. Low-level auditing software runs on all production systems. Azure is CoorpID's sole named sub-processor for cloud hosting services.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Middesk: Middesk provides a KYB platform for verifying business identities, including ownership structures, UBO identification, and regulatory registrations. It targets a similar corporate KYC use case as CoorpID's Ownership Structure and Entity Vault modules, with overlap in fintechs and challenger banks.
• Trulioo: Trulioo provides global identity verification and business verification (KYB) services for AML/KYC compliance. While focused more on identity verification APIs, it overlaps with CoorpID's corporate KYC verification and onboarding use cases for banks and fintechs.
• KYC360 (Fenergo): Fenergo's KYC360 (now Fenergo CLM) is a client lifecycle management platform used by Tier 1 banks for corporate KYC, AML, and onboarding. It competes directly with CoorpID's bank-side CDD/KYC review functionality and targets the same enterprise banking compliance buyer.
• NorthRow: NorthRow provides a SaaS platform for AML, KYC, and KYB onboarding and ongoing monitoring of corporate and individual clients. It directly competes with CoorpID in digitizing bank-facing customer due diligence and corporate onboarding workflows.

Emerging players

• Onfido: Onfido offers AI-powered identity verification and KYC/AML compliance solutions, primarily focused on individual onboarding. It is thematically related to CoorpID's KYC compliance proposition and represents an emerging competitor in the digital KYC tooling category for banks and corporates.
• Veriff: Veriff provides identity verification and AML/KYC compliance tools, including document verification and biometric checks. While more focused on individual identity than corporate KYC vaults, it is an emerging player in the broader digital KYC tooling space where CoorpID competes for compliance budgets.

Broad incumbents

• Encompass Corporation: Parent company and direct platform provider of the EC360 corporate digital identity (CDI) platform. CoorpID has been rebranded and integrated as EC CoorpID / EC Private Outreach within Encompass's broader KYC/CDI suite, making Encompass both parent and the closest adjacent offering for corporate identity verification.
• Moody's (Bureau van Dijk / Orbis): Moody's, through Bureau van Dijk's Orbis and related corporate KYC solutions, provides global corporate identity data, UBO information, and KYB data used by banks for CDD/AML. It directly overlaps with CoorpID's corporate KYC document vault and UBO tagging functionality and competes for the same bank compliance budgets at much larger scale.
• Dun & Bradstreet: Dun & Bradstreet provides global business identity data, corporate linkage, and KYC data used by financial institutions for onboarding and ongoing monitoring. It serves the same bank-corporate KYC use case as CoorpID via its data and compliance products, and represents a large incumbent alternative.
• LSEG (Refinitiv / World-Check): LSEG, through Refinitiv and World-Check, offers KYC, customer screening, and due diligence solutions to banks and corporates. Its World-Check One platform directly competes with CoorpID for bank CDD/AML workflows, with significantly broader global coverage and data assets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/coorpid
• Xx.com/coorpid

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoorpID