Investor onboarding
In order for an investor to make an investment offer, they have to set up an account with the platform.
Creating an account with the platform requires the collection of a set of data and the verification of this data via a video identification provider.
Onboarding isn't an isolated process but is integrated into the subscription process. The onboarding process is therefore split into two parts:
  1. 1.
    The investor enters some personal data and secures the account with a password as the first step in the subscription process.
  2. 2.
    After the subscription process has been completed, the investor needs to proceed with additional steps such as the video identification process. After these additional steps have been completed, investors are notified via email.
The offer is only forwarded to the issuer for acceptance once the full onboarding process is completed.

Onboarding of natural persons

During the account setup, the following data will be stored for natural persons in relation to Β§ 10 sec. (1) GwG and Β§ 11 sec. (4) GwG:
Personal data
  • Salutation
  • Forename and surname
  • Birthday
  • Birthplace
  • Nationality
  • Confirmation that the investor is not a PeP
  • Confirmation that the investor is the sole beneficiary
Identification data
  • Identification document number
  • Document issue date
  • Document issuer
  • Valid from date
  • Valid to date
Residence address
  • Street and number
  • Postal code
  • City
  • Country

Onboarding of legal persons

During the account setup, the following data will be stored for legal persons in relation to Β§ 10 sec. (1) GwG, Β§ 11 sec. (4),(5) GwG, and Β§ 12 sec. (2) GwG :
Company data
  • Company name
  • Legal entity type
  • Commercial register
  • Commercial register number
  • Commercial register document
  • List of shareholders document
Company address
  • Street and number
  • Postal code
  • City
  • Country
Data of beneficiaries (for each beneficiary)
  • Salutation
  • Forename and surname
  • Birthplace
  • Birthdate
  • Confirmation that the beneficiary is not a Pep
Data of the person in authority
The data of the person acting on behalf of the legal person is stored as a natural person (see onboarding data above).

Video identification

As a part of the onboarding process, the natural person investing or the person who acts on behalf of the legal persons needs to perform a video identification in relation to Β§ 12 sec. (1) GwG.
Depending on the platform setup this is either done via PostIdent or IDNow.
PostIdent
In the case of PostIdent, the investor can choose between three procedures:
The identification process already supports a large number of ID documents. The following lists provide information on this:
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Outline
Onboarding of natural persons
Onboarding of legal persons
Video identification