Merkeleon and Sumsub share results of partnership, revealing 50% increase in crypto user pass rates

After 2 years of working with Sumsub, Merkeleon plans to integrate more KYC and anti-fraud solutions into their advanced crypto products

London — March 16, 2023 — Merkeleon, a leading B2B crypto software company, today announces the results of its long-term partnership with Sumsub, an all-in-one verification platform, and what’s in store for the future.

Merkeleon’s clients are crypto exchange operators that need a smooth, secure, and global verification solution. Assisting these operators in launching crypto businesses on different continents with reliable software, it’s important for Merkeleon to help regional projects become compliant. With this in mind, Merkeleon wanted to find a solution that would allow them to achieve this goal through technical innovation, enabling growth in conversion rates at the same time.

Back in 2021, Merkeleon chose Sumsub for its flexibility, willingness to solve customer challenges, and readiness to work with different sizes of businesses.

To ensure successful company growth, you need more than a reliable product: you need a technical partner that understands the specifics of your business and is dedicated to the common goal. Sumsub became that  partner for Merkeleon, providing trusted services with fast verification, high automation speed and full compliance.

Merkeleon uses Sumsub as an automated KYC/AML solution for individuals and legal entities on their exchanges. Thanks to Sumsub, Merkeleon’s business clients can configure their KYC process with maximum flexibility in accordance with regulatory requirements. This helps users pass the verification procedure in minutes, while enabling operators’ compliance teams to focus on their core tasks.

Merkeleon has been able to onboard over 50 B2B customers since this partnership started. Mekeleon’s clients saw their first results immediately after adopting Sumsub’s solution, increasing their verification speed by 50% on average and reducing their workload by 30%.

“Our two-year partnership with Sumsub has been a game-changer for Merkeleon. Sumsub brings a high-level bundled technology solution, cross-domain expertise, and an open-minded approach enabling crypto businesses to run their projects easily and efficiently.”

said Alexey Sidorowich, Chief Commercial Officer at Merkeleon.

“We appreciate our partnership with Merkeleon and look forward to driving the crypto industry forward together. With our customizable KYC, KYB, transaction monitoring and AML solutions, Sumsub is eager to make Merkeleon’s offerings even more comprehensive and adaptable to a compliance-friendly environment.”

adds Ilya Brovin, Chief Growth Officer at Sumsub.

In the near future, Merkeleon aims to implement more Sumsub features. This includes a KYC solution integrated into their Crypto Launchpad Platform, OTC Desk Platform, and more anti-fraud solutions.

About Sumsub

Sumsub is an all-in-one verification platform that secures every step of your customer’s journey. With Sumsub’s customizable KYC, KYB, KYT, and AML solutions, you can orchestrate your verification process, welcome more customers worldwide, speed up onboarding, reduce costs and steer clear of digital fraud.

Sumsub has over 2,000 clients across the fintech, crypto, transportation, trading and gaming industries including Mercuryo, Bybit, Huobi, Unlimint, DiDi, Poppy and TransferGo.

About Merkeleon

Founded in 2008, Merkeleon has facilitated the efficient launch of business software solutions to develop e-procurements for the company’s needs, and to run a multi seller marketplace business etc.

Merkeleon’s goal is to provide leading technology solutions for launching reliable, fast, and convenient cryptocurrency exchanges for professional traders, legal entities, individuals, and ordinary users.

The full Merkeleon product portfolio includes:

Cryptocurrency Exchange Software
– Crypto Processing Engine
– Online Auction Software
– Online Marketplace Software

  • March 16, 2023
  • Corporate

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