FinovateFall 2021 / DocFox
Presenter Profile:
How they describe themselves: DocFox is a SaaS business serving over 200 banks, fintechs, and credit unions helping them to onboard and perform ongoing due diligence for business and complex accounts. DocFox operates as an orchestration layer in front of existing systems allowing powerful integration options as well as the ability to go live standalone in days.
How they describe their product/innovation: DocFox is a digital onboarding tool allowing you to seamlessly onboard any entity from the most complex of offshore businesses to a local corporation or individual. Through custom workflows, automated reading of ANY document and international ID&V you can create incredible client experiences with rapid onboarding while reducing operational costs and ensuring you are compliant with BSA requirements. DocFox can be used via a custom branded portal or a comprehensive API.
Product distribution strategy: Direct to Business (B2B)
Contacts
Bus. Dev.: Joe Russo, Head of Sales, joe@docfox.io
Press: Ricki Asherson, Marketing, rickijade@docfoxapp.com
Website: docfox.io
LinkedIn: linkedin.com/company/docfox-inc
HQ: Miami, FL
Founded: July 2016
Product Demoed: Digital Account Opening & Ongoing Due diligence For Businesses and Complex Entities
Metrics: DocFox has completed a few internal rounds but has never taken on institutional money. We currently serve over 200 clients comprised mainly of Banks, Fintechs and other financial institutions. DocFox has 55 employees and is scaling rapidly, especially given their latest move into helping fintechs and banks with rapid online business account opening.
Actively Seeking Capital: Yes
Presenters: Ryan Canin (CEO), Joe Russo (Head of Sales)
- Key Executives
Ryan Canin (CEO)
Key Stats
- Key Board Members
Ryan Canin (CEO), Richard Cohen (Director), David Kramer (Director)
- Key Investors
Blake Grossman (fmr. CEO, Barclays Global Investors & Vice Chairman, BlackRock), John Petote (Angel Investor, Appfolio & GoToMeeting), Eric Kanowsky (Angel Investor, Procore)
- Key Advisory Board Members
Mike Mansbach (Advisory Board Member, fmr. President, Blue Jean Network, & VP, Citrix)
- Key Customers
Avidbank, Fireblocks, Coast Central Credit Union, Fresno First Bank, Sila Money