Software Alternatives, Accelerators & Startups

Sumsub VS IdeaBuddy

Compare Sumsub VS IdeaBuddy and see what are their differences

Sumsub logo Sumsub

One verification platform to secure the whole user journey

IdeaBuddy logo IdeaBuddy

Innovative business planning software
  • Sumsub Landing page
    Landing page //
    2022-10-30

Sumsub is the one verification platform that secures every step of the user journey. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs and protect your business.

Sumsub achieves the highest conversion rates in the industry—91.64% in the US, 95.86% in the UK, and 90.98% in Brazil—while verifying users in less than 50 seconds on average.

Sumsub’s methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin).

  • IdeaBuddy Landing page
    Landing page //
    2023-08-24

IdeaBuddy is an innovative business planning software that helps aspiring entrepreneurs, startups and teams to: - Design a business model - Develop business ideas by using a step-by-step guide - Validate a business concept - Make an investor-ready business plan

Who it is for: - Aspiring entrepreneurs and small business owners - Accelerators and incubators - Business schools and universities - Product managers - Consultants and accounting agencies

IdeaBuddy

$ Details
paid Free Trial $15.0 / Monthly (Dreamer plan - 1 idea)
Platforms
Browser Web Google Chrome Safari
Release Date
2020 April

Sumsub features and specs

No features have been listed yet.

IdeaBuddy features and specs

  • Business canvas: yes
  • Business plan template: yes
  • Business builder: yes
  • Financial forecasting: yes

Sumsub videos

How Sumsub KYC works

More videos:

  • Demo - Full-cycle business verification (KYB)
  • Review - The most flexible transaction monitoring solution (KYT)

IdeaBuddy videos

How To Develop Your Business Ideas Through Story Mode - IdeaBuddy Product Tour

More videos:

  • Review - IdeaBuddy - Introduction video

Category Popularity

0-100% (relative to Sumsub and IdeaBuddy)
Identity Verification And Protection
Business Planning
0 0%
100% 100
Identity Verification
100 100%
0% 0
Business Plan
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Sumsub and IdeaBuddy

Sumsub Reviews

  1. Hands down one of the best experiences with document verification. I have to go through this kind of checks on a weekly basis and sumsub is relatively fast and has a smooth interface that guides you through the whole process. Solid 5/7

    👍 Pros:    Super fast

Discover the Top 5 Identity Verification Providers in 2023
When it comes to capabilities, flexibility is a key selling point as it empowers organizations to align the identity verification service with their unique workflows, compliance needs, and risk appetite. Different vendors provide different levels of customizations, with ComplyCube and SumSub offering the most flexible and granular options in their respective online portals.

IdeaBuddy Reviews

  1. Nice tool to sum up business vision

    While it may be overwhelming at start, IdeaBuddy guides you through different segments and steps of opening your business that young startupers tend to neglect (such as competition analysis, funding and financial viability planning, taxes and fees, profitability, etc.). I am still to explore all of it, but what I saw was pretty useful already.

    👍 Pros:    Ui|User-friendly|Intuitive
    👎 Cons:    Nothing, so far

Social recommendations and mentions

Based on our record, Sumsub seems to be more popular. It has been mentiond 8 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Sumsub mentions (8)

  • Haru Invest referral code: 🚀💰 'HELLO' (March 2023)
    After that you must complete secure KYC process (done via the SumSub company). Source: over 1 year ago
  • Binance p2p
    I didnt recieve my crypto from the p2p Transfer and its asking for me to do verification from sumsub.com. I have no idea what this website is but I filled out the verification and it says they are partnered with Binance. Source: over 1 year ago
  • Community discussion about Spectrum Finance $SPF token in this thread December 9th, 6 pm UTC — Please join!
    KYC and data storage could be done by a trusted third-party service called Sum and Substance. Source: over 1 year ago
  • Level 2 verification - document not approved / CS not replying
    It might be required to present proof of address for KYC, which you can learn more about here. The KYC procedure is handled by our partners at sumsub.com and they are the ones checking the validity of the document. Source: almost 2 years ago
  • Is there a way to verify my account with non-english IDs/ PoA?
    Updated the link with the source. Hope it helps. https://sumsub.com/. Source: about 2 years ago
View more

IdeaBuddy mentions (0)

We have not tracked any mentions of IdeaBuddy yet. Tracking of IdeaBuddy recommendations started around Mar 2021.

What are some alternatives?

When comparing Sumsub and IdeaBuddy, you can also consider the following products

Onfido - Onfido is the data-driven platform for intelligent background checking.

Liveplan - LivePlan helps entrepreneurs and small-to-medium size business owners build dynamic business plans and track performance against their goals.

ComplyCube - Verify your customers in under 15 seconds anywhere in the world with a cutting-edge SaaS & API platform for Identity Verification and AML/KYC compliance.

Bizplan - Modern business planning for startups

Veriff - Smart and scalable identity verification.

Cuttles.io - Develop your idea, write your plan & build your startup