Bitso is modernizing its verification ecosystem to ensure a frictionless, swift onboarding experience for institutional clients
Bitso Business, the B2B branch of Bitso, the leading cryptocurrency-powered financial services platform in Latin America, has selected Sumsub, a global full-cycle verification platform, to optimize its corporate onboarding workflows and strengthen its business compliance infrastructure.
As a primary financial infrastructure provider handling critical capital flows in the region – including processing roughly 10% of all remittance volumes sent from the U.S. to Mexico – Bitso serves large institutional clients relying on rapid cross-border treasury management and liquidity solutions via its corporate segment.
Removing friction in corporate onboarding
Previously, Bitso’s business verification process often required manual review of corporate documentation, which could lead to onboarding delays of several days or longer. By choosing Sumsub, Bitso will establish an automated verification pipeline that eliminates administrative hurdles and optimizes the onboarding timelines for legitimate corporate entities.
Bitso is modernizing its verification ecosystem to ensure a frictionless, swift onboarding experience for institutional clients while keeping pace with high blockchain settlement speeds. Modern fintechs face significant compliance headwinds, as client abandonment rates spike dramatically across the industry when manual documentation requests, repetitive re-uploads, and complex jurisdictional layers are added to the sign-up process.
Automating KYB and strengthening compliance
To resolve this friction, Sumsub has released a new set of Business Verification features: automated company-level risk scoring, automated periodic rechecks, and corporate document expiry tracking – designed to close the gap between automation needs and available corporate data quality.
Through this partnership, Bitso automates the vast majority of its business onboarding architecture from end to end. The solution integrates real-time corporate registry cross-referencing and automated data extraction for Ultimate Beneficial Owners (UBOs) to streamline regional onboarding, while deploying automated validation checks to flag altered or manipulated documentation. To ensure institutional security, the workflow runs automated screenings against international sanctions lists, regulatory watchlists, and Politically Exposed Persons (PEPs) databases, centralizing the entire compliance process within a single platform.
Improving scalability across LATAM
This collaboration directly addresses the dual pressure facing Latin American fintechs: navigating highly fragmented, non-digitized regional registries while defending against a rise in professional corporate fraud networks. As detailed in Sumsub's specialized analysis on Business Verification in LATAM, unstandardized regional database structures and complex Ultimate Beneficial Owner verification requirements have traditionally been the primary drivers of corporate onboarding delays.
Simultaneously, security demands have escalated following a 180% global surge in highly coordinated, multi-step fraud attacks, as documented in Sumsub’s Identity Fraud Report 2025-26. By anchoring its infrastructure with Sumsub, Bitso resolves both challenges – streamlining localized registry friction while automatically insulating its ecosystem from sophisticated fraudulent networks.
“For Bitso, security and compliance have never been negotiable; they have always come first. Our alliance with Sumsub reinforces this long-standing commitment by automating complex processes such as beneficial ownership mapping and business verification. Together, we are ensuring that the future of corporate finance in Latin America combines the speed of modern commerce with the strictest compliance standards in the market,” said Alma Cervantes, Strategic Alliances Lead at Bitso.
"In Latin America's fast-evolving B2B ecosystem, platforms like Bitso cannot afford to let manual compliance hurdles slow down institutional growth," said Miguel González, Country Manager for Mexico at Sumsub. "Our automated KYB technology solves the unique challenge of fragmented regional registries and complex UBO layers in real time. By selecting Sumsub, Bitso ensures that legitimate businesses experience a swift onboarding path, while its robust digital asset infrastructure remains completely secure against sophisticated fraud networks."
This agreement represents a strategic first step toward a long-term relationship between the two companies, establishing a strong foundation for future expansion into other product modules within Sumsub’s verification and compliance portfolio as Bitso continues to scale its operations.
About Bitso
Bitso is Latin America's leading digital financial services group, serving more than 10 million users and over 1,900 institutional clients through a regulated financial infrastructure built for the digital economy.
Through its ecosystem of specialized companies, including Nvío, Nvierte, and Juno, Bitso provides consumers with access to digital assets, equities, and investment products, while enabling businesses and financial institutions to process local and cross-border payments at scale.
Founded in 2014, Bitso operates in Mexico, Brazil, Argentina, Colombia, Chile, Peru, the United States, and Europe.
