Leading Business Identity Platform Recognized for Revolutionizing Business Verification and Risk Assessment

NEW YORK, March 18, 2025 /PRNewswire/ — Middesk, a premier business identity platform, today announced it has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies for 2025. Each year, Fast Company spotlights the companies redefining industries through technology and bold innovation. This recognition highlights Middesk’s pivotal role in modernizing Know-Your-Business (KYB) for financial institutions, fintechs, marketplaces, and beyond.

As financial institutions and businesses face rising fraud risks and increasingly complex compliance requirements, Middesk is leading the way with a suite of products that enable companies to verify business legitimacy, assess risk with confidence, and make faster, more informed decisions. Middesk helps financial institutions and businesses reduce fraud, accelerate onboarding, and unlock new revenue opportunities while meeting compliance obligations.

“Being named one of the World’s Most Innovative Companies is a testament to Middesk’s relentless focus on solving one of the biggest challenges in business today—trust,” said Kyle Mack, CEO and co-founder of Middesk. “Verification isn’t just about compliance—it’s a competitive advantage. Our mission is to provide instant access to all of the data, insights, and documents needed to onboard and transact with any business in the world. By removing friction from business onboarding, we enable companies to confidently serve more customers and expand their markets. This recognition reinforces our commitment to leveraging business identity as a tool to fuel trust between businesses.”

Middesk is transforming how businesses verify and onboard new customers, providing essential identity, risk and compliance insights in seconds—rather than weeks or months. Middesk’s innovative solutions have garnered significant traction in the market, counting two of the three largest U.S. banks, over 100 regional banks and credit unions, hundreds of fintechs, and leading marketplaces as customers.

“The ability to verify a business quickly, accurately, and at scale is no longer optional—it’s mission-critical,” said Kurt Ruppel, CTO and co-founder of Middesk. “We’ve built a platform that goes beyond surface-level checks, using the most comprehensive and up-to-date business data available across a wide range of sources.”

Middesk is backed by top-tier investors, including Accel and Sequoia, and has raised over $70 million in funding. Middesk was named to the Forbes 2024 Fintech 50 and received Best Data Product for Lenders by Tearsheet. Additionally, Middesk was recognized as a Banking Tech Startup of the Year by the Banking Tech Awards 2025.

For more information about Middesk and its innovative business identity solutions, visit www.middesk.com.

About Middesk:
Middesk is a leading business identity platform modernizing business verification, risk evaluation, and compliance. Its fast and frictionless identity-as-a-service APIs address KYB, credit assessment, and tax registration services, updated in days rather than months. More than 500 customers in the fintech, banking, lending, marketplace, insurance, and payroll sectors trust Middesk to help them safely verify, underwrite, and grow their businesses with names that include Plaid, Bluevine, Rippling, and Novo. Middesk has been recognized as a top U.S. fintech by Forbes as one of its Fintech 50. For more information, visit middesk.com.

Media Contact:
Liang Zhao
Vansary for Middesk
LZ@vansary.com
505-720-6933

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SOURCE Middesk

Significant revenue and user adoption fuelled by new partnerships and market expansion
Over 125 platform enhancements, including automated dividend forecasting and a revamped mobile appTrebling in mobile user logins over 12 months, highlighting the interest and importance of wealth ‘on the go’
Strong client satisfaction showcased via client survey and new case studies in Altoo’s Resource Center

ZUG, Switzerland, March 18, 2025 /PRNewswire/ — Altoo AG, a Swiss fintech bridging technology and wealth management, achieved significant milestones in 2024, including a more than 300% increase in mobile app usage, and higher client acquisition rates. Driven by new partnerships, expanded service offerings, and strong client satisfaction ratings, Altoo continues to solidify its position as a leading provider of digital wealth management solutions for family offices, investment professionals, and ultra-high-net-worth individuals (UHNWIs).

“We are proud of our strong performance in 2024, which highlights the market’s growing preference for intuitive, secure, and transparent wealth management tools. By focusing on innovative technology and trusted partnerships, we have maintained consistent growth while delivering on our commitment to client-centric services,” said Ian Keates, CEO of Altoo AG.

Financial Highlights & Growth

Over the past year, Altoo welcomed over 30% new customers to the platform, bolstered by partnerships with family offices and rising demand among the ultra wealthy. The year was especially robust, drawing these clients from more than six countries on three continents and prompting new business development programs for sustainable long-term growth. A March 2024 survey reinforced Altoo’s client-centric approach, showing a 98% satisfaction with 64% of respondents reporting the servicing team exceeded expectations. The dramatic increase of client usage of the new mobile app, together with higher numbers of regular logins to the platform underpinning the success, importance and quality of the Altoo Wealth Platform.

Advancements to the Altoo Wealth Platform

In 2024, Altoo introduced more than 125 new features and product improvements to its flagship product, recognized by Forbes as one of the top family office software platforms. Enhancements include Automated Dividend Forecasting for easy cash flow and liquidity planning, Enhanced Cash Flow Monitoring with real-time visibility into transactions and FX rates, and Upgraded Tagging & Filtering for more nuanced portfolio analysis. These developments build on Altoo’s mission to simplify complex wealth for clients worldwide.

Mobile App: On-the-Go Wealth Management

To meet the rising demand for real-time access to portfolio data, Altoo launched a major upgrade to its mobile app. Users can now navigate their entire wealth overview with ease, track performance metrics over time, and benefit from in-app search and watchlists, and much more. Collaboration tools also allow advisors, family members, and UHNWIs to securely share information, while transaction details and linked assets provide granular insights into trades, FX rates, and related holdings – all at the tap of a finger.

Partnership with Divizend & Commitment to Open Finance

Continuing its drive for innovation, Altoo partnered with Divizend GmbH to streamline cash flow and liquidity planning. This strategic move helps automate dividend reclaim processes and boosts efficiency in tax and dividend management.

Market Presence & Industry Engagement

Altoo heightened its profile at major industry forums, including the Europe Investment Family Office Summit 2024 in Lausanne, where it addressed trends in open finance and wealth-tech. The company was also featured in the Forbes Family Office Software & Technology Report 2024, highlighting the sector’s growing focus on AI and data security. In the UK and other markets, Altoo continued to demonstrate how its digital platform simplifies operations for UHNWIs, Family Offices and Financial Professionals worldwide.

Resource Center: Showcasing Client Success

Altoo introduced a Resource Center featuring real-world case studies that illustrate how clients – from multi-family offices to private individuals – leverage the Altoo Wealth Platform to improve efficiency and gain a comprehensive view of their total wealth. These stories shed light on best practices and underscore how Altoo’s user-friendly platform helps clients eliminate manual processes, simplify reporting, and make data-driven decisions.

Looking Ahead

Altoo anticipates continued customer and market growth in 2025, fuelled by upcoming feature rollouts, additional bank integrations, and targeted business development efforts. With plans to extend its footprint across Switzerland and Europe, Altoo remains focused on delivering top-tier digital wealth management solutions.

About Altoo AG

Altoo is a wealth management fintech founded in 2017 and headquartered in Zug, Switzerland. The company’s flagship product, the Altoo Wealth Platform, brings together data on clients’ holdings from multiple sources across their entire portfolios, automatically analyses it, and visualises the results in dashboards providing easy-to-understand overviews of their total wealth and detailed performance reports on individual assets. In 2024, Altoo was repeatedly named among the best providers of Family Office Software by Forbes Magazine. Constantly seeking new ways to simplify complex wealth for clients in over 20 countries, Altoo recently partnered with Divizend GmbH to optimise the Altoo Wealth Platform’s cash flow and liquidity planning features.

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Media Contact:
press@altoo.io
+41 78 311 5625

Additional resources:
Company website: The Altoo Wealth Platform | Altoo AG
Corporate Blog Altoo Insights: Insights | Altoo AG
Newsletter Subscription: Subscribe | Altoo AG
Media Enquires: Media Enquiries | Altoo AG

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SOURCE Altoo AG

PITTSBURGH, March 18, 2025 /PRNewswire/ — “I thought there could be a better way to install a micro bright light into a low-water, fountain,” said an inventor, from Peoria, Ariz., “so I invented THE NEPTUNE MOUNT. My design enables you to easily enjoy and control multi-colored lights for a unique fountain display.”

The invention offers an improved way to install multi-colored pool lights in fountains. It also allows the user to easily adjust and control the lights as desired. As a result, it increases convenience, and it enables the user to enjoy a lighted fountain. Additionally, the invention features an effective design that is easy to install and use.

THE NEPTUNE MOUNT is currently available for licensing or sale to manufacturers or marketers. For more information, visit www.theneptunemount.com. Or contact Bailey Davis at 623-241-2500 or email info@theneptunemount.com.

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SOURCE InventHelp