# Ballerine

**Source:** https://geo.sig.ai/brands/ballerine  
**Vertical:** Security  
**Subcategory:** General  
**Tier:** Emerging  
**Website:** ballerine.com  
**Last Updated:** 2026-04-14

## Summary

Open-source KYC/KYB compliance orchestration platform with 1,500+ GitHub developers; Team8-backed connecting identity verification vendors for fintech onboarding competing with Alloy.

## Company Overview

Ballerine is an open-source compliance and risk management infrastructure platform that automates KYC (Know Your Customer) and KYB (Know Your Business) workflows for fintech companies and financial institutions — providing the orchestration layer that connects identity verification vendors, document processing, business registry lookups, and compliance decision logic into automated onboarding and ongoing monitoring workflows. Founded in 2022 and a Y Combinator S22 graduate, Ballerine raised $5.12 million led by Team8 and has 1,500+ developers on its GitHub with dozens of fintech companies using the platform in production.\n\nBallerine's open-source approach (the core workflow engine and integration framework are open-source) provides a distinct competitive positioning — fintech companies can self-host the compliance infrastructure for full data control, avoiding the data sharing concerns of SaaS-only KYC platforms. The platform orchestrates across multiple verification vendors (Onfido, Jumio, Socure for identity verification; business registry APIs for KYB) through a unified workflow, allowing companies to switch vendors without rebuilding compliance logic. Compliance teams define rules and decision trees, while the platform handles the data gathering, vendor routing, and status tracking.\n\nIn 2025, Ballerine competes in the KYC/AML automation and compliance orchestration market with Alloy (the leading compliance automation platform), Unit21, Seon, and larger risk platforms including Jumio and Acuant for compliance workflow automation. The compliance technology market has grown substantially as financial regulations have intensified and fintech companies need to scale onboarding without proportionally scaling compliance headcount. The open-source model builds developer trust and community-driven contributions while enabling enterprise commercial licensing for support and managed hosting. The 2025 strategy focuses on growing the enterprise commercial customer base, expanding the pre-built workflow templates for common use cases (crypto onboarding, bank account opening, merchant onboarding), and deepening the vendor integration ecosystem.

## Frequently Asked Questions

### What is Ballerine?
Ballerine is an open-source KYC and risk management infrastructure company founded in 2022 that provides automated decision-making tools for financial institutions. The company helps organizations meet KYC (Know Your Customer) and KYB (Know Your Business) regulatory obligations through their risk decisioning platform.

### What products and services does Ballerine offer?
Ballerine offers an open-source KYC/KYB infrastructure and risk decisioning platform. Their solutions help financial institutions automate compliance processes and address identity and risk assessment challenges.

### Who are Ballerine's target customers?
Ballerine primarily serves financial institutions and fintech companies that need to comply with KYC and KYB regulatory obligations. Dozens of fintech companies are currently using their code in production.

### When was Ballerine founded?
Ballerine was founded in 2022 by Nitzan Gelbard, Noam Izhaki, and Alon Peretz. The company participated in Y Combinator's Summer 2022 batch.

### Where is Ballerine located?
Ballerine is based in Tel Aviv, Israel.

### How much funding has Ballerine raised?
Ballerine has raised $5.12M in total funding, including a $5M seed round in May 2023. The seed round was led by Israel's Team8, with participation from Y Combinator, Vera Equity, and angel investors.

### What are Ballerine's key achievements?
Ballerine has achieved 1,500+ developers on their GitHub repository and has dozens of fintech companies using their code in production. This demonstrates significant growth and adoption in the regulatory technology market.

### What is Ballerine's technology approach?
Ballerine uses an open-source approach to provide KYC/KYB infrastructure and risk management tools. Their platform focuses on automating compliance processes and decision-making for regulatory obligations in the banking sector.

### How can I get started with Ballerine?
Ballerine's code is available as open-source on GitHub, where their repository has attracted 1,500+ developers. Financial institutions and fintech companies can access their platform to implement KYC/KYB compliance solutions.

### What are Ballerine's recent developments?
Most recently, Ballerine raised a $5M seed round in May 2023 led by Team8. The company continues to grow its developer community with 1,500+ GitHub developers and has dozens of fintech companies using their solutions in production.

## Tags

b2b, cybersecurity, saas, security, startup

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*