# Accend Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/accend-technology

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.withaccend.com/
- Total disclosed funding: $3.2M
- Latest round: Seed (Jul 9, 2024)
- Investors on record: 4

## About

Founded in 2023 by Joseph Zhou, Pranjal Daga, and Yutong Pei, and based in California, US, Accend Technology, Inc. operates as a provider of digital compliance solutions for banks and fintechs. In July 2024, Accend Technology, Inc. raised USD 3.2 million in seed funding led by investor Adverb Ventures with participation from other investors Y Combinator, General Catalyst, and 645 Ventures.

Accend Inc. provides AI-driven solutions for automating business onboarding, risk assessment, and compliance processes. The platform conducts online research to verify business nature, products, services, and beneficial owners. The system offers real-time business and industry risk intelligence with customizable AI models that classify industry codes and assess risk levels. Additionally, the firm features AI-powered document management for the request, collection, classification, and analysis of financial and legal documents. Accend's services also include automated address verification, PEP and sanctions checks, adverse media screening, and detailed audit trails for compliance.

The company intends to use the July 2024 funding to further develop its onboarding and risk assessment platform.

## Funding rounds

- Seed, Jul 9, 2024, $3.2M — General Catalyst Partners, Y Combinator, 645 Ventures, Adverb Ventures

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- 645 Ventures (https://capitalatlas.ai/funds/645-ventures) — Seed
- Adverb Ventures (https://capitalatlas.ai/funds/adverb-ventures) — Seed