Chaitanya Sarda, CEO of AiPrise, has pioneered a revolutionary compliance technology that transforms the business onboarding process, cutting it down from several weeks to just minutes. His platform, AiPrise, employs advanced machine learning and automation to streamline compliance checks globally, enabling financial institutions and businesses to onboard customers swiftly, accurately, and securely. This breakthrough addresses long-standing pain points in Know Your Business (KYB) protocols, fostering growth for emerging companies and boosting economic activity worldwide.
The Challenge of Business Onboarding and Compliance
Verifying a business traditionally involves exhaustive paperwork and painstaking reviews. Financial institutions must ensure that each business is legitimate and compliant with stringent regulatory rules to prevent risks such as money laundering, fraud, and financial crimes. However, this process is often manual, fragmented, and slow—taking weeks or even months. As a result, business owners face frustrating delays, lost opportunities, and capital being tied up. Many prospective clients abandon the onboarding journey altogether due to these inefficiencies.
Chaitanya Sarda’s Vision and Background
Chaitanya Sarda’s journey to solving this problem began with his unique educational and professional background. He graduated from the Indian Institute of Technology (IIT) Kharagpur—one of India’s most prestigious technical institutes—where he ranked 548 among 500,000 candidates. He holds a bachelor’s degree in Computer Science and secured early career positions at Oracle and Google.
At Google, Sarda was the technical lead for Phone and Message Spam Protection, where he created the machine learning algorithm that detects and blocks over 100 million spam calls globally each day. His work on caller identification and fraud prevention significantly reduced spam and scam phone calls, demonstrating his ability to harness technology against fraudulent behavior.
Founding AiPrise and Transforming KYB Compliance
In 2022, leveraging his expertise in fraud prevention and automated detection at Google, Chaitanya Sarda founded AiPrise. The company’s mission is to revolutionize the archaic and slow Know Your Business (KYB) onboarding process through a single, all-in-one compliance platform. AiPrise integrates fraud prevention, risk mitigation, and compliance verification into a customizable solution used by financial institutions worldwide.
AiPrise’s platform works by automating form-filling and verification through intelligent data extraction. With just a company name or registration number, the platform auto-populates complex onboarding forms, tapping into over 800 business data points across more than 200 countries. This intelligent autofill technology eliminates manual data entry and accelerates the compliance workflow from weeks to minutes.
Using cutting-edge machine learning, AiPrise identifies risk factors and potential fraud more efficiently than traditional human-led processes, reducing errors and improving reliability. The system’s global reach ensures fairness and speed in markets across continents, offering businesses everywhere the chance to enter the digital economy quickly and transparently.
Milestones and Market Impact
AiPrise’s groundbreaking approach quickly garnered attention from top investors and industry leaders. The company was accepted into Y Combinator, Silicon Valley’s elite startup accelerator with an acceptance rate below 0.22%, joining the ranks of iconic alumni like Airbnb, Dropbox, and Coinbase—highlighting AiPrise’s immense disruptive potential.
Leveraging this momentum, AiPrise secured $2 million in seed funding from premier investors including Okta Ventures, TwentyTwo Ventures, Liquid2 Ventures, and influential angel investor Immad Akhund, CEO of Mercury. This capital is accelerating AiPrise’s technology innovation and global growth.
Today, AiPrise proudly supports over 120 paying clients, featuring major publicly traded firms such as Meta (NASDAQ: META), dLocal (NASDAQ: DLO), Intermex (NASDAQ: IMXI), and Exodus (NYSE American: EXOD). These partnerships underscore AiPrise’s proven ability to tackle the most complex compliance challenges in the financial sector.
Key Differentiators and Industry Innovation
AiPrise differentiates itself with a unified, customizable onboarding platform that replaces fragmented manual systems while maintaining top-tier security and compliance. Leveraging machine learning algorithms developed from Sarda’s Google experience, the platform excels at fraud detection through advanced risk analysis. This innovation slashes operational costs and onboarding times by over tenfold, enabling faster business access to capital and markets with improved customer satisfaction.
Leadership and Vision for the Future
Chaitanya Sarda defines AiPrise’s strategic vision, focusing on expanding global reach and technological innovation. He leads the company’s commercial strategy, securing enterprise clients and forging partnerships to accelerate growth. Additionally, he drives fundraising efforts and recruits top talent to build a culture committed to execution, innovation, and customer success.
Sarda is an active thought leader, regularly writing about the transformative potential of technology in compliance. His insights highlight the urgent need for modernization in KYB processes to support a rapidly changing global financial ecosystem.
Through AiPrise, Chaitanya Sarda brings a fresh technological perspective to an industry burdened by outdated, manual compliance systems. By automating and speeding up Know Your Business checks, AiPrise enables financial companies to support legitimate businesses faster and with greater confidence. This innovation not only saves costs and improves accuracy but also empowers small and emerging businesses worldwide to join the global economy more efficiently.
Sarda’s blend of elite technical training, leadership in fraud prevention at Google, and entrepreneurial vision at AiPrise demonstrate how cutting-edge machine learning can revolutionize even highly regulated and operational-intensive sectors like compliance. His work is poised to benefit millions of businesses and financial institutions by making strict regulatory rules quick, fair, and secure—ushering in a new era for global commerce.
