NEW YORK, March 18, 2025 /PRNewswire/ — Middesk, the business identity platform powering seamless onboarding and risk assessment for financial institutions, lenders, and marketplaces, has been named Fast Company's prestigious list of the World's Most Innovative Companies for 2025. This recognition highlights Middesk's pivotal role in modernizing business verification and risk assessment, helping companies reduce fraud, accelerate business onboarding, and unlock new revenue opportunities.
Each year, Fast Company spotlights the companies redefining industries through technology and bold innovation. 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 - replacing slow, fragmented processes with automated insights.
"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 remove the friction from business onboarding, enabling companies to confidently serve more customers and expand their markets. This recognition reinforces our commitment to setting a new standard in business identity."
Since its inception, Middesk has transformed how businesses verify and onboard new customers, providing essential identity, risk and compliance insights in seconds – rather than weeks or months. Its impact is evident in its rapid adoption across the financial sector, with two of the three largest U.S. banks, hundreds of fintech lenders, and leading marketplaces relying on Middesk to power trusted transactions.
"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's innovative solutions have garnered significant traction in the market, with two of the nation's three largest banks among its customers, alongside approximately 100 regional banks and credit unions and expansion among mainstream tech firms and marketplaces. The company's rapid growth and impact on the business identification industry have been further validated by its successful $57 million Series B funding round in 2022, co-led by Insight Partners and Canapi Ventures.
In addition to Fast Company’s award, Forbes named Middesk as one of its 2024 Fintech 50, while fintech media outlet Tearsheet awarded it Best Data Product for Lenders and Fintech Breakthrough designated it the 2025 Business Innovation for Lenders.
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
