# Parcha

> Parcha is a San Francisco AI company building enterprise-grade AI agents that automate compliance and operations work for banks and fintechs. Founded in 2023 by former Brex leaders AJ Asver and Miguel Rios-Berrios, its Agent Hub platform lets compliance teams create, test, and deploy agents in minutes to run KYC/KYB reviews, enhanced due diligence, AML screening, and document verification - work that traditionally requires large operations teams. Backed by $5M in seed funding led by Kindred Ventures and Initialized Capital, Parcha counts fintechs like Bridge, Airwallex, Flutterwave, and Pipe among its users.

- **Founded:** 2023
- **Headquarters:** San Francisco, California, United States
- **Founders:** AJ Asver (Co-founder & CEO), Miguel Rios-Berrios (Co-founder & CTO)
- **Team size:** ~13 employees
- **Products:** Agent Hub, KYC / KYB Agents, Enhanced Due Diligence, Document Verification, AML & Transaction Screening
- **Notable:** Raised $5M seed in 2023 led by Kindred Ventures and Initialized Capital, Launched Agent Hub in July 2025 with 12+ preconfigured compliance agents, Reported 99.7% accuracy in production customer deployments

## Products & services

- **Agent Hub** — A platform where compliance teams create, customize, test, and deploy AI agents in minutes. Ships with over a dozen preconfigured agents for customer onboarding, enhanced due diligence, AML screening, merchant categorization, and vendor due diligence.
- **KYC / KYB Agents** — Agents that automate Know Your Customer and Know Your Business reviews, including screening Ultimate Beneficial Owners who own 25%+ of a business.
- **Enhanced Due Diligence** — Deep research and analysis on high-risk entities across thousands of datapoints, including adverse media, PEP, and sanctions checks.
- **Document Verification** — Verifies incorporation documents from any global jurisdiction, EIN/tax IDs, proof of address, source of funds, and ownership documents - with visual verification across 50 US states and multiple countries.
- **AML & Transaction Screening** — Reviews AML screening alerts and investigates transaction alerts to reduce false positives and speed up analyst decisions.

## Achievements

- Raised $5M seed in 2023 led by Kindred Ventures and Initialized Capital
- Launched Agent Hub in July 2025 with 12+ preconfigured compliance agents
- Reported 99.7% accuracy in production customer deployments
- Achieved SOC 2 Type 2 compliance
- Selected to present at FinovateSpring 2025
- Onboarded global fintechs including Bridge, Airwallex, Flutterwave, and Pipe

## Latest updates

- **2025-07** — Officially launched Agent Hub, letting compliance teams deploy AI agents in minutes; announced by CEO AJ Asver.
- **2025-07** — Rebuilt document verification to cover incorporation docs from any global jurisdiction, plus visual verification for 50 US states and multiple countries.
- **2025-07** — Added automated UBO KYC screening within KYB, and an agentic deep-research tool that cross-references data sources to flag inconsistencies.
- **2025-05** — Presented at FinovateSpring 2025.

## Links

- Website: https://parcha.ai
- LinkedIn: https://www.linkedin.com/company/parcha-ai
- Twitter/X: https://twitter.com/ParchaHQ

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Profile page: https://yespress.io/grep
Published by YesPress — https://yespress.io
Last updated: 2026-08-05