As Tola helps your business perform financial activities such as payments, we are subject to a wide range of financial regulation related to Anti-Money Laundering (AML) and other critical activities.
For the safety of all Tola users, we are required to collect a range of details about your business, as well as the key persons who own and operate it, which will include:
Your Business Legal Name
Year and State of Incorporation
EIN number
Your Business address
Your Company Officers & Owners Information
All this information can be added using our form when you set up your Tola account and take a few minutes. We keep all the data strictly confidential, and is used exclusively for verification - not any of our other activities at Tola.
You will find this form in the app once you set up your Tola account, it will take about 5 minutes to complete it, if you have your information on hand. You are also able to always come back to Tola and finish your application.
Once completed, you will receive an e-mail that your application is completed.
Please note, that in some cases, you will be notified by e-mail or within the Tola dashboard that we might require additional information about your business, which may include copy of of your ID, driver's licence or business information (such as articles of incorporation).
Our compliance processes are synchronised with our partner bank: Patriot Bank, N.A., Member FDIC, to ensure that all activities are appropriate.