Diligent YC Application

Summer 2023Active

Diligent went through Y Combinator in the Summer 2023 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2023
Industry: Fintech
Team size: 10
Status: Active
Launched: 2024

Founders

Edoardo MaschioFounder
Ahmed GaberFounder

What Diligent does

We help fintech risk and AML compliance teams automate and strengthen routine customer due diligence tasks with LLMs. Our AI assistants slash cost-to-comply, improve risk detection and free up capacity for investigations that require human expertise and decision making. Fintechs and banks use us to automate workflows like running thorough due diligence on a legal entity, reviewing customer documents like registry extracts, proofs of address etc and remediating false positive alerts from their AML systems.

Diligent's YC application, reconstructed

Y Combinator application

Diligent, Summer 2023 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Diligent

Describe what your company does in 50 characters or less.

AI agents for fintech risk and compliance

What is your company going to make? Please describe your product and what it does or will do.

We build AI assistants that help fintech risk and AML compliance teams automate customer due diligence tasks. Our product reviews legal entity documentation, verifies customer documents like registry extracts and proofs of address, and handles false positives in AML alerts. This cuts compliance costs and frees up human investigators to focus on complex cases.

Where do you live now, and where would the company be based after YC?

We live and work in London, England, and plan to keep the company based here after YC.

Explain your decision regarding location.

London is a major fintech hub with close access to fintech clients and compliance experts, which helps us stay close to the problems we're solving.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real Diligent YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Diligent's public data (launch notes, founder backgrounds, product description). It shows how a company like Diligent would present itself to YC, not the text they submitted.