The Roundtable + Dotfile Success Story
Roundtable aims to make private markets mainstream through a platform that helps to structure investment communities where business angels can share investment opportunities with their network. The company also allows fund managers to easily launch and run a VC fund with their Fund-as-a-Service solution. Onboarding investors and fund managers, Roundtable needed a solution to seamlessly run verification checks while providing an excellent onboarding experience to their users.
The Challenge
Roundtable took a proactive approach by adopting KYC practices to comply with regulations and got approval from the Luxembourg financial regulator (CSSF). However, upholding strong compliance standards while providing a smooth experience for investors became challenging as the business continued to grow.
The Solution
The collaboration with Dotfile, based on the shared vision, helps to build the future of community-led investment platforms.
- One-stop shop: Dotfile's integration with reputable data providers and identity verification solutions has proven to be a valuable asset for Roundtable. With Dotfile, Roundtable benefits from a unified platform, consolidating multiple contracts into one comprehensive agreement.
- Investors’ Subscription Process: The integration of pre-filled data in the verification process not only saved Roundtable a significant amount of time but also strengthened its operations. This enhancement streamlined their workflow resulting in a better experience for new users.
- Enhancing Operations: Implementing permissions in the tool has been a game-changer, streamlining workflow and elevating collaboration with partners, including one conducting KYC audits. It resulted in better compliance and operational efficiency.
The Outcome
Thanks to the collaboration with Dotfile, Roundtable saw significant improvements, including:
- Compliance Excellence: Roundtable is now fully confident in its alignment with regulatory requirements, trusting Dotfile's capabilities.
- Process Efficiency: In less than 5 months, Roundtable created over 2,300 cases, including 1,300 cases in just a few days from their legacy data.
- Powerful System: The implementation process has transformed the Roundtable infrastructure into a powerful and robust system. The company is very pleased with the quality of Dotfile’s API.
Conclusion
Through the implementation of Dotfile’s end-to-end solution, Roundtable was able to improve its operational efficiency while upholding a strong commitment to compliance. The company benefited from a unified platform, a single contract, and a simple high-quality API integration. By streamlining a host of verification processes, Roundtable was able to significantly reduce the time to close a deal and improve the onboarding experience for its investors. Download the full case study.
