Know Who You Take Money, Deals and Hires From

Startups move fast and rarely have a compliance team. But the people they deal with, from investors and customers to vendors, partners and hires, carry the same risk they would for a big company. Take money from the wrong investor or sign the wrong customer, and a small company can’t easily absorb the fallout. You don’t fix that with a compliance hire you can’t afford yet. You fix it with automation. Beady gives a startup enterprise-grade screening from day one. It checks the people and companies behind every relationship against sanctions, ownership and adverse media in minutes, and keeps monitoring them as you grow. Whether you’re at Hub71, in5, the DIFC Innovation Hub or working out of a co-working space in Dubai, it works the same way.

For a startup, every relationship matters more than it looks. A sanctioned investor can taint your cap table and make your next round harder. A fraudulent customer or partner can cost money you can’t afford to lose. One bad hire in a small team can do a lot of damage. And enterprise customers and serious investors, in the UAE and abroad, increasingly expect you to have done your homework. Screening the people you deal with from day one protects the company and builds the credibility that fundraising and enterprise sales depend on. Beady lets you do it without slowing down or hiring.

AI is what puts enterprise-grade screening within a startup’s reach, without the team or the cost. Beady checks an investor, customer, vendor or hire, and the people and companies behind them, against sanctions, adverse media, litigation and more than 100,000 other sources in minutes. It maps ownership across more than 200M entities and officers and removes up to 95% of the noise. You see real risk instead of false positives. After that it monitors daily and flags a new sanction, charge or scandal within hours. Every finding links back to its source, which makes your diligence quick, thorough and believable to investors and enterprise customers.

Behind every investor, customer, partner and hire there’s a person, and that’s often where the risk is. Beady screens the individuals you deal with: investors, executives, co-founders, key hires, board members, and the people behind your customers and vendors. It checks each of them against sanctions, PEP, criminal and most-wanted lists, and adverse media from more than 100,000 sources, and flags PEPs whose position adds risk. Instead of stopping at a name on a term sheet or a contract, Beady looks at who the person really is, so you know exactly who you’re bringing into your company.

The real risk often hides in ownership, and that’s exactly what a founder’s quick check tends to miss. Beady maps beneficial ownership and the web of connections around a company across a database of more than 200 million entities and their officers. It follows the trail through holding companies and intermediaries to the people who actually own and control it, and brings related parties, conflicts and links to sanctioned or high-risk entities into the open. You see past the investor or customer in front of you to whoever is behind them and everything else they’re connected to.