When you want to onboard your company to Wickie, the first step is to onboard yourself as an individual. In addition, all shareholders of the company must also complete their personal onboarding before the company onboarding process can be finalized. This ensures that we comply with regulatory requirements and can verify every key person connected to the business.
Who Can Be Onboarded
Wickie supports a range of legal entity types. Below are the accepted structures and their key features:
1. Sole Proprietorship
Description: A business owned and operated by one individual.
Key Features:
Simple setup, minimal legal formalities.
Full control and profits remain with the owner.
Unlimited personal liability for debts.
Common Use Cases: Small businesses, freelancers, sole traders.
2. Partnership
Description: A business owned by two or more individuals/entities under a partnership agreement.
Types:
General Partnership (GP): All partners share profits, losses, and liabilities.
Limited Partnership (LP): At least one general partner with unlimited liability and one limited partner whose liability is limited to their investment.
Limited Liability Partnership (LLP): All partners have limited liability; common in professional services.
Common Use Cases: Law firms, consulting firms, family businesses.
3. Private Limited Company (Ltd / LLC)
Description: A separate legal entity owned by shareholders; liability limited to shares held.
Key Features:
Can have one or more shareholders.
Shares are not publicly traded.
More compliance requirements compared to sole proprietorships or partnerships.
Common Use Cases: SMEs, startups, holding companies.
4. Public Limited Company (PLC)
Description: A company whose shares can be offered to the public and traded on a stock exchange.
Key Features:
Must meet minimum share capital requirements.
Stricter reporting and disclosure obligations.
Common Use Cases: Large corporations, companies seeking public investment.
The KYB Process at Wickie
The KYB process verifies your company’s identity and legitimacy before providing access to our platform. This typically includes:
Business Identity Verification – Providing official registration documents, incorporation certificates, and proof of address.
Ownership Structure Check – Identifying shareholders and ultimate beneficial owners (UBOs).
Director and Representative Verification – Validating the identities of individuals authorized to act for the business.
Compliance Review – Screening against regulatory watchlists and sanctions databases.
Why KYB Matters
KYB protects both your business and Wickie from fraud, money laundering, and other illicit activities. It also ensures that we meet international compliance standards, enabling you to operate confidently on our platform.
Next Steps
If you are ready to onboard your business:
Onboard yourself as an individual.
Ensure all shareholders also complete their personal onboarding.
Choose your entity type from the list above.
Gather the required documents for your KYB submission.
Start the onboarding process through your Wickie dashboard.
Our team will review your application and update you on the status promptly.
If you’d like, I can now create a shorter, simplified version of this for customers — perfect for your website or as an onboarding email. That would make it quicker for users to understand and act. Do you want me to prepare that?ses: Large corporations, companies seeking public investment.
The KYB Process at Wickie
The KYB process verifies your company’s identity and legitimacy before providing access to our platform. This typically includes:
Business Identity Verification – Providing official registration documents, incorporation certificates, and proof of address.
Ownership Structure Check – Identifying shareholders and ultimate beneficial owners (UBOs).
Director and Representative Verification – Validating the identities of individuals authorized to act for the business.
Compliance Review – Screening against regulatory watchlists and sanctions databases.
Why KYB Matters
KYB protects both your business and Wickie from fraud, money laundering, and other illicit activities. It also ensures that we meet international compliance standards, enabling you to operate confidently on our platform.
Next Steps
If you are ready to onboard your business:
Choose your entity type from the list above.
Gather the required documents for your KYB submission.
Start the onboarding process through your Wickie dashboard.
Our team will review your application and update you on the status promptly.