Draft:Ondato

Ondato is a KYC, AML, and online identity verification software provider.

The company began operations in 2018 and was founded in Vilnius, Lithuania. In 2020, the company received an investment from Startup Wise Guys and moved its headquarters to London’s Canary Wharf district.

Ondato has since received additional investment from OTB Investments and other venture capital companies.

Technology
Ondato’s software is intended to automate KYC and AML within institutions by automating back-office processes such as screening for politically exposed persons lists, validating risk scores and eliminating false positives.

Achievements
Ondato serves several high-profile companies such as OnlyFans, STEX , and Luminor Bank.

The company has received awards from Lithuanian government authorities.

Ondato’s technologies are being used to ensure remote work capabilities for the Lithuanian parliament (Seimas).

In 2024, Ondato was also named as the 137th fastest-growing European company by the Financial Times.