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Completing my KYB

Updated over a week ago

Important

  • Before starting the verification process, make sure you have the necessary documents ready for submission.

  • It is recommended to have a stable and good network connectivity while going through the KYB process to ensure a seamless experience.

How do I complete KYB (Business Verification)?

Completing your KYB requires verification of both the authorized signatory, the UBO's with more than 10% shareholding, Directors and the business entity.

Here's how you can do it:

  1. Sign in to your Toyow account using your registered mobile number.

  2. Click Verify Account on your dashboard. You will be redirected to the KYB verification page.

  3. Complete the verification in the following steps:

    1. Authorized Signatory Verification - The authorized representative of the company must complete identity verification.

      1. Choose whether to continue on the web browser or scan the QR code to continue on mobile.

      2. Select the country and type of document.

      3. Upload or capture the following:

        1. Proof of Identity (POI)

        2. Proof of Address (POA)
          ​
          ​Accepted documents for POI & POA include:

        • Government-issued Photo ID

        • Passport

        • Driving License

        • Utility Bill (Only applicable for Proof of Address (POA) and must display the complete residential address. The document must also be dated within the last 3 months.)

        POI and POA must be different documents.

      4. Follow the instructions to complete the Liveness Check

    2. Enter Business Details - Provide the following information about your company.

      1. Name of the Entity

      1. Country of Registration

      2. Legal Entity Type (LLP, PLC, Proprietorship, etc.)

    3. Upload Corporate Documents - Upload the required company documents for verification.

      1. Certificate of Incorporation

      1. Memorandum & Articles of Association

      2. Proof of Business Address (utility bill or bank statement in the company name)

      3. Proof of Identity of the Board of Directors

      4. Company Bank Details

      5. Board Resolution authorizing the individual to operate the account (signed by the Board of Directors)

      6. Identity and address proof of beneficial owners holding 10% or more ownership

Verification Status

Once you complete the KYB process, your application will go through manual verification.

You will see the status “Verification in Progress” while your documents are being reviewed.

A confirmation email will be sent to your registered email address once the verification process is completed.

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