Entity

An Entity is an organization with its own legal identity. An Entity is the parent of Account objects, and one Entity can own many Account objects.

Root Entity

A single Root Entity represents your own business, one per environment (test and live). Fintoc creates the Root Entity automatically once you finish onboarding in live mode. Account objects under your Root Entity hold your company's money.

Entities for your customers

You can create Entity objects for your customers when you need transfers to show their legal name on the receipt, for example, a marketplace paying sellers under each seller's Mexican tax ID (RFC) or Chilean tax ID (RUT).

Creating a customer Entity requires a Know Your Customer (KYC) review by Fintoc compliance, typically under 1 business day. For Mexican entities, you can create the Entity and run the review by API; see Onboard an Entity by API. See Create more accounts for the Dashboard flow.