EU/UK Entity KYB/KYC Check

Reach out to your Account Manager or sales@ramp.com if you operate in the European Union or United Kingdom and are interested in participating.

Businesses with legal entities in those regions can complete a KYB/C check to issue GBP/EUR denominated cards to their employees in those regions.

Know Your Business (KYB)

KYB/C Overview

GBP Eligibility

Customers who are eligible must have a legal entity registered with the government of the United Kingdom.

EUR Eligibility

Customers who are eligible must have a legal entity registered with the government of one of the following countries: Ireland, Netherlands or Spain. 

You will only need to complete KYB of one of these entities, and then you will be able to issue EUR denominated cards to all employees in any entity part of the European Union (e.g. including countries not in the above list).

KYB/C Submission

The KYB submission in Ramp must be completed by either someone with:

1. Significant control and management of your business 
2. Or delegated authority by someone with significant control and management of your business

This person will have certain administrative rights with respect to the GBP/EUR card issuing and should be someone with an appropriate level of authority and trustworthiness. 

KYB/C Review

It will take 3 - 5 business days for our issuing partner’s compliance team to review a KYB/C submission.

If the team determines there is a gap in your submission, you will be asked to resubmit. It is of utmost importance your submission is complete and accurate to prevent delays.

KYB Requirements

Entity Information

This section of KYB will prompt you to fill out information about your entity. Please have the following information ready.

• Legal entity name
• Entity registered address
• Tax information (e.g. registration number)
• Entity phone number
• Company website
• Merchant category
• Annual revenue
• Estimated headcount 

Key Individuals

You must submit information about key individuals of the entity. There are 3 required roles. Please see the definition of the 3 roles and the requirement for KYB submission.

Please multi-select all roles that an individual is for the entity. An individual can hold any permutation of the 3 roles, meaning an individual could be a:

• Business Owner, Business Director, and Business Executive
• or Business Owner and Business Director
• or Business Owner and Business Executive
• or Business Director and Business Executive
• or Business Owner
• or Business Director
• or Business Executive

What information will be collected on the owners?

• Legal Name
• Date of Birth
• Title
• Home Address
• Contact Information (email and phone)

KYC Requirements

Will individuals go through KYC?

• Yes, individuals are KYC-ed by our issuing partner

What documents are collected on the individuals?

• We may request an identification document (e.g. passport) and/or address verification (e.g. utility bill) of the individual(s)

How will Ramp collect KYC documents?

• The person completing the form in Ramp will receive an email requesting additional information; this person can then upload the requested identification documents into Ramp

FAQs

What Ramp role must the person complete the KYB/C check?

• Only Admins and Owners have access to manage entities and complete the KYB check in Ramp

Does the information I enter save?

• Yes, all information is saved
• You can come back to the form to complete later if you do not have all the information available

How long will it take for the KYB/C check to be reviewed?

• 3–5 business days
• If the team determines there is a gap in your submission, you will be asked to resubmit
• It is of utmost importance your submission is complete and accurate to prevent delays 

What agreements are signed by the person completing the KYB/C check?

• Europe Payment Card Supplement
• Stripe Issuing Accountholder Agreement (EU or UK)
• Stripe Privacy Policy
• Ramp Privacy Policy