For modern payment institutions, this integration transforms how merchants access regulated online payment services across Europe and beyond. We understand that, for merchants, time-to-market is crucial, and onboarding is the key to launching their online businesses. Maintaining a fast, smooth, and seamless onboarding process is essential for operational success; however, traditional KYC/KYB workflows often create significant bottlenecks.

By replacing outdated, document-heavy processes with a streamlined, AI-powered experience, this partnership allows Maksu’s merchants to complete their onboarding process up to 10 times faster, enabling them to go live within 24 hours.

The AI-powered onboarding workflow simplifies the process into four steps:

1. Instant Document Upload: Merchants submit their documentation through a simplified, secure user interface.
2. Real-time Verification: The AI immediately checks the documents for accuracy, completeness, and compliance readiness.
3. Automated AI Chat: The system interacts directly with the merchant to collect any missing data, eliminating the need for manual follow-ups.
4. Automated Data Retrieval: Back-end validation replaces manual reviews and the endless back-and-forth of email correspondence.

As the European payments landscape continues to evolve towards greater security and regulatory maturity, seamless compliance has become a core competitive advantage.

Following the recent Payment Institution License approval by the Austrian Financial Market Authority, Maksu is reinforcing its commitment to combining strict regulatory compliance with efficient financial technology. Compliance should not be a barrier to business growth; rather, it should serve as an enabler.

Vlado Galevski, Founder and CEO of Maksu, commented on the collaboration: 

“As a Payment Institution, our goal at Maksu is to get merchants up and running and accepting online payments as fast as possible. Compliance should not be a bottleneck, so by automating KYB/KYC verification, we ensure regulatory standards match the operational speed our merchants expect.”

Roman Zilber, Founder and CEO of Intrepid Fox, said:

“Maksu is redefining payment services for European merchants. The Intrepid Fox KYB platform makes that possible: AI eliminates document back-and-forth and delivers a smooth, customer-friendly experience without compromising the compliance obligations of a licensed payment institution.”

By automating these friction points, Maksu and Intrepid Fox are setting a new benchmark for how European payment service providers can help merchants launch their business faster without compromising on security or standards.