What KYB means for a business account

Before your business can send money, collect payments, or run campaigns on KiddyCash, it needs to pass a verification step called KYB. This article explains what that means and why it matters.

What is KYB?

KYB stands for Know Your Business. It is a compliance process that confirms a business is real, legally registered, and operated by someone who has the authority to run it.

Think of it like the checks a bank in Nairobi runs before opening a business account — they ask for your certificate of incorporation, your KRA PIN, and proof of who owns the business. KYB on KiddyCash works the same way, just done digitally inside the platform.

Without completed KYB, your business account is in a limited state. You can explore the dashboard, but you cannot:

  • Disburse allowances to kids’ wallets
  • Collect payments or subscription fees
  • Run campaigns or issue transaction codes
  • Move funds in KES or any supported currency

Why does KiddyCash require it?

KiddyCash handles real money — allowances sent to children, school fee collections, business payouts. Regulators across Africa require platforms that move money to verify the businesses using them. This protects families, schools, and the businesses themselves from fraud.

It also means that when a parent in Mombasa sees a payment request from your business, they can trust it has been reviewed and approved.

KYB applies specifically to business accounts. If you are an individual user, the equivalent step is called KYC (Know Your Customer). You can read more about that process in What KYC means in KiddyCash.

What documents does KYB typically ask for?

The exact requirements depend on your business type and country, but you should generally prepare:

  1. Certificate of incorporation or business registration certificate
  2. Tax identification number (for example, a KRA PIN for businesses in Kenya)
  3. Proof of business address — a utility bill or bank statement works
  4. ID document for the business owner or director — national ID, passport, or equivalent
  5. Beneficial ownership information — who owns more than 25% of the business

These documents are uploaded securely inside your business dashboard.

How to start your KYB submission

  1. Log in to your KiddyCash Business portal.
  2. Go directly to your KYB page at https://kiddy.cash/business/:business_id/know-your-business — replace :business_id with your actual business ID shown in your dashboard URL.
  3. Follow the on-screen steps to upload each required document.
  4. Submit and wait for review. You will receive a notification once your submission is approved or if additional information is needed.

The review process typically takes 1 to 3 business days.

Want a step-by-step walkthrough of a similar submission flow? See How to submit KYC from your profile — many of the steps mirror the KYB process.

What happens after approval?

Once your KYB is approved, your business account is fully activated. You can start running allowance programs, accepting M-Pesa collections, setting up school subscription plans, and more.

If your submission is rejected, the platform will tell you exactly which document needs to be corrected or replaced. You can resubmit without starting over.

Staying up to date

KiddyCash periodically updates its verification requirements. To stay informed, read What’s new in verification in KiddyCash and A closer look at verification in KiddyCash on the blog.