Overview

Nivoda is a fast-growing B2B online marketplace that’s reshaping the diamond trading industry. By providing jewelers and retailers with access to a global inventory of diamonds, Nivoda removes the traditional inefficiencies of sourcing and selling, helping businesses increase sales, expand margins, and streamline operations, regardless of their size or geographic location.

To support its global expansion and ensure compliance with diverse international regulations, Nivoda recognized the need for a scalable, automated compliance solution. The company aimed to enhance its KYC, Know Your Business KYB and fraud prevention for onboarding and maintaining trust with users worldwide.

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Challenges

As Nivoda scaled globally, it faced several pressing compliance challenges. The manual collection of KYC and business details across various regions proved inefficient and inconsistent. Verifying this information through legitimate or government sources in multiple countries was not only time-consuming but also operationally complex. Additionally, detecting tampered or forged documents without a specialized tool posed a significant risk to onboarding integrity. The team initially used another platform for identity verification, but it lacked the automation capabilities and international coverage required for Nivoda’s growing needs. These inefficiencies created bottlenecks in onboarding, increased compliance risks, and placed a heavy operational burden on the team.

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Solution

To address these challenges, Nivoda chose AiPrise as its compliance partner. AiPrise offered an end-to-end verification solution capable of handling both KYC and KYB processes across multiple countries. Its powerful global verification engine enabled identity and business verification directly against trusted government databases. AiPrise also included robust fraud detection capabilities, helping the team automatically identify and flag tampered documents. One of the key advantages was AiPrise’s developer-friendly SDK and intuitive UI, which allowed for a quick and seamless integration into Nivoda’s platform. Beyond the technology, AiPrise’s support team collaborated closely with Nivoda to customize workflows, such as storing Ultimate Beneficial Owner details independently and enabling KYC verification directly within the KYB process flow, without requiring additional user clicks.

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Result

Nivoda has already started leveraging AiPrise within its verification workflow and the early results have been promising. The compliance team has reported noticeable improvements in the speed and efficiency of verifications, as well as increased accuracy in data checks across both KYC and KYB processes. This has directly led to greater confidence in onboarding decisions and reduced the need for time-consuming manual reviews. This shift is allowing Nivoda's team to reallocate their efforts from routine verifications to more strategic initiatives, including customer experience optimization and international scaling.

Looking ahead, the team anticipates significant gains once the SDK is fully deployed across the platform. These include faster end-to-end onboarding, higher customer conversion rates due to reduced friction, and a substantial reduction in compliance overhead. With AiPrise, Nivoda is not just improving efficiency, they’re laying the groundwork for scalable, globally compliant growth

Aiprise has been very supportive and helped us make informed decisions. The tech is super defined, which makes it easier for us to plan for our integration strategy. 

- Product Head, Nivoda

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Why AiPrise

Nivoda selected AiPrise based on a combination of technical strength, product alignment, and support quality. AiPrise’s product closely matched Nivoda’s needs, offering the right balance of automation, global coverage, and flexibility. The clean UI and simple SDK made integration smooth, while the AiPrise team consistently provided high-quality support and followed up proactively throughout the onboarding process. Most importantly, the platform demonstrated technical maturity and the ability to deliver accurate, scalable results at a global level.Partnering with AiPrise has helped Nivoda take critical steps toward building a more secure, scalable, and globally compliant marketplace. As the integration progresses, AiPrise is poised to play a key role in supporting Nivoda’s mission to modernize and streamline diamond trading worldwide.

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