If your platform is planning to work with U.S. payment providers, ad networks, or financial service partners, due diligence is not just a formality – it’s a gatekeeper. Before contracts are signed or access is granted, your potential partners will evaluate your platform’s compliance posture, technical infrastructure, and operational controls.
This process can stall your launch – or smooth it – depending on how well you’re prepared. Here's how to approach it strategically.
1. Know what’s being reviewed
Due diligence isn’t only about legal incorporation or high-level compliance claims. U.S. partners look deeper into your product and operations. Expect requests related to:
- How user identity is verified (KYC)
- Where user data is stored and how it’s protected
- How transactions are processed and monitored
- What internal roles manage compliance and risk
- Whether your platform complies with relevant U.S. financial regulations
Even if your product doesn’t “touch money” directly, your data practices can still raise red flags.
2. Don’t wait to gather your documentation
One of the most common reasons for delays is fragmented or missing documentation. Start compiling the essentials before you’re asked. This typically includes:
- A detailed product and user flow overview
- Your KYC/AML policies (if applicable)
- Your privacy policy and terms of service, aligned with U.S. standards
- Internal data handling and access control procedures
- Security and encryption documentation
- Third-party vendor list and responsibilities
You don’t need to overproduce. But what you do submit should be accurate, current, and consistent.
3. Align your answers across teams
One overlooked risk: inconsistency between teams. Legal may say one thing, product may say another, and customer support may operate on undocumented assumptions. In a U.S. due diligence review, this creates doubt.
Before submitting any materials or taking calls, align your internal teams. Ensure everyone understands how the platform works from a compliance perspective – especially around data handling, payment routing, and user verification.
4. Make your compliance posture easy to evaluate
The more clearly you can show that your platform is built with compliance in mind, the more trust you’ll build. Use diagrams to show data flow. Document your onboarding logic. Label responsibilities within your team.
This isn't about legal defensiveness – it’s about operational clarity. U.S. partners aren’t just avoiding risk. They want to see that your platform is scalable, trustworthy, and serious.
Conclusion
Due diligence is not just a barrier – it’s an opportunity to demonstrate readiness. At Prominelis, we help platforms prepare clear, honest, and compelling materials that build confidence with U.S. partners from day one.
