Business Validation

SmartCheck Integration

Automate Know Your Business (KYB) and commercial entity audits from the SmartCheck dashboard at ai.verifik.co or execute bulk vendor reviews using SmartBatch.

Verifik's Business Validation APIs provide programmatic access to official commercial registries, tax authority databases, and corporate oversight systems across Latin America, North America, and Europe.

Built for fintechs, payment facilitators, B2B marketplaces, and enterprise procurement teams, our services streamline KYB compliance, merchant underwriting, credit scoring, and vendor onboarding with real-time official verification.

Verification Capabilities

Our business verification suite covers five fundamental corporate audit dimensions:

1. Legal Entity Standing & Registry Verification

Verify the legal existence, incorporation details, and operating status of commercial entities:

Corporate Identity: Registered legal name (Razón Social), trade name (Nombre Comercial), and corporate type (SAS, SA, LLC, S. de R.L.).
Registration Metrics: Chamber of commerce or registry jurisdiction, registration number (Matrícula Mercantil), and date of incorporation.
Operating Status: Active, dissolved, in liquidation, or bankrupt.
Fiscal Expiration: Annual commercial registry renewal date and compliance standing.

2. Tax Identification & Regime Compliance

Validate official tax numbers and statutory tax classification:

Tax Identification Number: Verification of NIT, RFC, RUC, CNPJ, CUIT, CIF, or EIN.
Verification Digit: Mathematical and official validation of checksum digits (e.g., NIT verification digit in Colombia).
Tax Classification: Simplified vs. common regime, VAT responsibility, and withholding agent status.
Electronic Invoicing Compliance: Authorized electronic billing provider status and active invoicing status.

3. Corporate Leadership & Legal Representation

Uncover beneficial ownership and authorized signatories:

Primary and alternate legal representatives (Representante Legal).
Identification documents, names, and appointment terms for corporate officers.
Board of directors composition and registered statutory auditors (Revisor Fiscal).
Signing powers and monetary contract authority limits.

4. Economic Activities & Sector Classification

Classify business models and industry exposure:

Primary and secondary International Standard Industrial Classification (ISIC / CIIU / NAICS) codes.
Sector descriptions and registered commercial activities.
Declared assets, equity, and operational size (micro, small, medium, large enterprise).

5. Reputational & Compliance Screening

Cross-check corporate entities and executive officers against compliance databases:

Screening company and legal representatives against sanctions, PEP, and multilateral watchlists.
Verification of fiscal liability and tax delinquent debtor status.
Public procurement sanctions and contracting disqualifications.

Geographic Coverage

Region	Key Identifiers	Official Registries Covered
Colombia	NIT, Razón Social	Unified Commercial Registry (Chambers of Commerce), National Tax Authority
Mexico	RFC, Razón Social	Tax Administration Service (SAT), Public Registry of Commerce (RPC)
Brazil	CNPJ, Razão Social	Receita Federal do Brasil, Junta Comercial
Chile	RUT Empresa	Servicio de Impuestos Internos (SII), Registro de Empresas
Peru	RUC Empresa	SUNAT, Superintendencia Nacional de los Registros Públicos (SUNARP)
Argentina	CUIT Empresa	AFIP, Inspección General de Justicia (IGJ)
United States	EIN, State Filing #	Secretary of State Commercial Filings, IRS EIN Validation
Spain	CIF, NIF	Registro Mercantil Central, Agencia Tributaria (AEAT)

API Integration

Query business data using the corporate tax identification number (taxId) and country code:

Authentication

Include your API Bearer token in the request header:

Authorization: Bearer <your_jwt_token>

Request Example

cURL
Node.js
Python

curl -X POST https://api.verifik.co/v2/business \
  -H "Authorization: Bearer <your_jwt_token>" \
  -H "Content-Type: application/json" \
  -d '{
    "taxId": "900123456",
    "verificationDigit": "7",
    "country": "CO"
  }'

const axios = require('axios');

async function validateBusiness() {
  try {
    const response = await axios.post(
      'https://api.verifik.co/v2/business',
      {
        taxId: '900123456',
        verificationDigit: '7',
        country: 'CO'
      },
      {
        headers: {
          'Authorization': `Bearer ${process.env.VERIFIK_API_KEY}`,
          'Content-Type': 'application/json'
        }
      }
    );

    console.log('Business Record:', response.data);
  } catch (error) {
    console.error('Validation error:', error.response?.data || error.message);
  }
}

validateBusiness();

import os
import requests

url = "https://api.verifik.co/v2/business"
headers = {
    "Authorization": f"Bearer {os.environ.get('VERIFIK_API_KEY')}",
    "Content-Type": "application/json"
}
payload = {
    "taxId": "900123456",
    "verificationDigit": "7",
    "country": "CO"
}

response = requests.post(url, json=payload, headers=headers)
data = response.json()
print("Business Verification Data:", data)

Response Structure

{
  "status": "success",
  "data": {
    "taxId": "900123456",
    "verificationDigit": "7",
    "legalName": "VERIFIK LATAM S.A.S.",
    "tradeName": "VERIFIK",
    "status": "ACTIVE",
    "organizationType": "SOCIEDAD POR ACCIONES SIMPLIFICADA",
    "incorporationDate": "2020-03-15",
    "lastRenewalDate": "2026-03-20",
    "ciiu": "6201",
    "activityDescription": "Actividades de desarrollo de sistemas informáticos",
    "legalRepresentatives": [
      {
        "name": "CARLOS EDUARDO MARTINEZ",
        "documentType": "CC",
        "documentNumber": "79876543",
        "role": "REPRESENTANTE LEGAL PRINCIPAL"
      }
    ],
    "taxStatus": {
      "activeTaxpayer": true,
      "electronicInvoicing": true,
      "regime": "RESPONSABLE DE IVA"
    },
    "verifiedAt": "2026-10-30T22:25:00.000Z",
    "source": "official_commercial_registry"
  },
  "signature": {
    "dateTime": "2026-10-30T22:25:00.000Z",
    "message": "Certified response"
  }
}

Response Status Codes

HTTP Status	Description	Action Required
`200 OK`	Business verified successfully	Process the verified company profile
`400 Bad Request`	Missing or invalid tax ID format	Check tax identifier and check digit
`401 Unauthorized`	Invalid or expired API credentials	Refresh your API token
`404 Not Found`	Entity not registered in official database	Confirm corporate ID with merchant
`500 Server Error`	Official commercial registry unavailable	Exponential backoff retry

Industry Use Cases

Merchant Underwriting (KYB): Instant verification of corporate standing, tax regime, and active business status for payment processing onboarding.
Vendor Compliance: Automated auditing of supplier certifications, registration renewals, and statutory representatives.
B2B Credit Decisions: Rapid assessment of company age, registered capital, and economic sector profile before issuing credit lines.

Verification Capabilities​

1. Legal Entity Standing & Registry Verification​

2. Tax Identification & Regime Compliance​

3. Corporate Leadership & Legal Representation​

4. Economic Activities & Sector Classification​

5. Reputational & Compliance Screening​

Geographic Coverage​

API Integration​

Authentication​

Request Example​

Response Structure​

Response Status Codes​

Industry Use Cases​