Summary
Virtual Account requests go through a separate evaluation with their own documentation requirements, in addition to standard KYB verification. You must provide business profile details (industry, entity type, nature, purpose) plus source of funds and source of wealth, backed by supporting financial documents.
Mandatory documentation
| Item | What to provide |
|---|---|
| Industry type | Industry that best describes your business (e.g., Technology, E-Commerce Platforms, Software Development, Educational Services). |
| Entity type confirmation | Your legal structure (e.g., Corporation, Company Limited by Shares, LLC). |
| Nature of business | Brief high-level description of your products or services (up to 250 characters). |
| Purpose of the account | How you plan to use your BlindPay account (e.g., payments, settlements, treasury management, operational flows). |
| Source of Wealth | How the business or its owners originally accumulated their overall wealth (e.g., business earnings, prior ventures, long-term investments). |
| Source of Funds | How the funds you'll use on BlindPay are generated (e.g., operating revenue, customer payments, investment capital). |
Source of funds supporting documents
The Source of Funds document must demonstrate financial capacity and the origin of funds. It must be issued in the account holder's name and be consistent with the business description provided during onboarding, clearly reflecting transactions and financial activity that explain the nature and origin of funds expected to flow through the account.
Company (KYB)
- Audited financial statements
- Unaudited/management accounts (for recently incorporated companies)
- Bank statements for the last 3 months showing activity related to the company's operations
- Tax returns or annual tax filings
- Contracts or invoices demonstrating business activity
Individual (KYC)
- Last year of personal tax returns
- Last 3 months of bank statements
- Employment contract (if salaried)
For full documentation requirements and accepted documents, see the Source of Funds & Source of Wealth guide.