To begin using Tupel’s services, it’s essential to complete each step of the onboarding process. Here’s how:
1. Add Your Business Information
- Provide key details about your business, including:
- Business entity name
- Country of formation
- Address
- Telephone number (validated immediately)
- Email address (validated immediately)
- Ensure all information is accurate to avoid delays.
2. Complete KYB (Know Your Business)
- Tupel verifies your provided business information by cross-checking it with external databases, such as the Chamber of Commerce.
- This ensures the legitimacy of your business.
3. Complete KYC (Know Your Customer)
- Tupel will perform a quick verification of your personal details using Stripe.com, a trusted financial service provider.
- This step ensures compliance with regulatory standards and protects your account.
4. Add a Payout Recipient
- Provide the name and bank account details of the recipient for borrowed funds.
- Currently, funds can only be wired to your business’s own bank account.
- In the future, Tupel may allow direct payments to third parties, such as suppliers or creditors.
5. Add a Payment Method
- Set up a direct debit linked to your bank account to repay borrowed funds.
- Repayments will be automatically deducted on the due date.
- Accepted payment methods include:
- Direct debit in EUR
- BACS in GBP
- ACH in USD
- Note:
- The currency in which you borrow must match the currency in which you repay.
- The payout recipient’s bank account and payment method must be the same.
6. Create Your First Transaction
- After completing the steps above, initiate your first borrowing transaction:
- Select the desired loan amount and currency.
- Set the repayment due date.
- Choose the payout recipient.
- Once confirmed, the funds will be credited to your bank account within seconds.
By following these steps, you’ll be ready to utilize Tupel’s services effectively and securely. For a seamless experience, ensure all prompts are completed accurately.