Founding Account Executive
Parcha$200,000 - $300,000/year
- Full Time
- Mid-level (3 to 4 years), Senior (5 to 8 years)
About Parcha
Parcha provides AI-driven solutions that help banks and fintech companies improve their onboarding processes and ensure compliance with regulations. Their products focus on document verification, risk management, and compliance, allowing clients to onboard customers more quickly while adhering to necessary standards. Key features include Real Time Document Remediation, High Risk Industry Screening, and Business Ownership Verification, which streamline the verification process. Parcha stands out from competitors by utilizing open-source intelligence and proprietary databases to deliver thorough risk assessments. The company's goal is to enable financial institutions to grow confidently by addressing inefficiencies in onboarding and compliance through tailored subscription-based services.
San Francisco, CaliforniaHeadquarters
2020Year Founded
$4.9MTotal Funding
SEEDCompany Stage
Fintech, AI & Machine Learning, Financial ServicesIndustries
11-50Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Stock Options
Relocation Assistance
Professional Development Budget
Risks
Increased competition from embedded compliance technologies like Treasure API.
Brand confusion with similar platforms like AI Office on GitHub.
Data privacy challenges from reliance on open-source intelligence.
Differentiation
Parcha offers AI-powered Real Time Document Remediation for efficient compliance.
The company specializes in High Risk Industry Screening for fintechs and banks.
Parcha uses proprietary databases for comprehensive risk assessments.
Upsides
Rising demand for AI-driven compliance solutions boosts Parcha's market potential.
Growing interest in real-time document verification enhances Parcha's onboarding efficiency.
Subscription-based models offer scalable revenue streams for Parcha.
Funding
Total raised$4.86 M
Latest valuation$25.00 M
StageSEED
SEED
7/31/2023$5
$25.00 M