Parcha AI

Parcha is a technology company based in San Francisco, California, that specializes in compliance solutions for the fintech industry. Founded in 2023 by AJ Asver and Miguel Rios-Berrios, Parcha focuses on using generative artificial intelligence to automate manual workflows in compliance and operations, enhancing efficiency and scalability for businesses. The company offers a variety of services, including document verification, business due diligence, and compliance automation. Parchas AI agents can review documents, extract data, and automate tasks such as Know Your Business (KYB) compliance and fraud detection. Additionally, Parcha provides real-time analytics on compliance outcomes and automates remediation processes to help businesses resolve cases more quickly. Parcha has secured 5 million in seed funding to further develop its AI capabilities and is currently working with early beta customers in sectors like payments, lending, banking, and crypto, including Bridge.xyz, which utilizes Parchas solutions to streamline its onboarding processes.