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Baselayer

Baselayer is an AI platform that automates business risk assessment and fraud prevention for financial institutions and government agencies[2]. Founded in 2023 by Jonathan Awad, Timothy Hyde and William Slessman, the company raised a $20M Series A led by Koro Capital and M13, bringing total reported equity funding to $47M[3]. The platform combines business identity verification, credit risk assessment and fraud detection across multiple data sources into a 'Risk Co.Pilot' that automates underwriting and compliance decisions for banks, credit unions, fintechs, marketplaces, payment processors and SMB lenders[6]. Baselayer's product offerings span identity verification and KYB ratings across 120M+ business records, credit analysis including liens and lawsuits, and monitoring via a Fraud Consortium intelligence network, with SOC 2 Type II certification[5]. Named customers include Fundbox, LoanPro, Oatfi, Nuvei, Breakout Finance, Slope and FIS/Chex Systems, with reported results including 60% reduction in manual reviews at LoanPro and 98% match rates at Nuvei[4][7]. As of August 2026, the company had 28 open roles including Sr. Product Manager and Account Executive positions in New York City[1].

Funding

Key people

In the news

Recent developments

  • 28 open roles, including Sr. Product Manager, Partnerships Manager New York City, Account Executive Sales New York City[1]Aug 4, 2026

Funding history

  • Baselayer raised a $20M Series A led by Koro Capital and M13, bringing total reported equity funding to $47M. The company was founded in 2023 by Jonathan Awad, Timothy Hyde and William Slessman.[3]Aug 3, 2026

Traction

  • Baselayer customers report a 60% reduction in manual reviews (LoanPro), a 52% reduction in manual reviews (Oatfi), and 98% match rates (Nuvei and Breakout Finance).[6]

Product

  • Baselayer's product set spans identity (business verification, a KYB rating, industry prediction across 120M+ business records, business pre-fill), credit (liens, lawsuits and bankruptcies, AI agents that analyze company websites, risk rating via proprietary clustering), and monitoring including a Fraud Consortium intelligence network. The platform is SOC 2 Type II certified.[7]
  • Baselayer builds an AI platform for business identity verification, credit risk assessment and fraud detection, combining multiple data sources into a 'Risk Co.Pilot' that automates underwriting and compliance decisions for banks, credit unions, fintechs, marketplaces, payment processors and SMB lenders.[8]

Customers

  • Baselayer's named customers include Fundbox, LoanPro, Oatfi, Nuvei, Breakout Finance, Slope and FIS/Chex Systems.[5]

Backers

  • FKoro Capital
  • M13

    Venture capital firm investing early in founders building through structural shifts, with a New York office

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