About Parallel
Parallel is a company based in Barcelona (Spain) founded in 2019 by Santi Albo Guijarro, Alex Romera Araujo, and Derek Lou. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Parallel offers products and services including Parallel KYC/AML Software, Contract Generation Tool, and Customer Onboarding Solution. Parallel operates in a competitive market with competitors including Box, Pipefy, Zapier, Formstack and Nanonets, among others.
- Headquarter Barcelona, Spain
- Founders Santi Albo Guijarro, Alex Romera Araujo, Derek Lou
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Technology
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Social
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- Legal Name Parallel Solutions, S.L.
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Products & Services of Parallel
Parallel offers a comprehensive portfolio of products and services, including Parallel KYC/AML Software, Contract Generation Tool, and Customer Onboarding Solution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for automating KYC and AML compliance processes.
Tool for preparing and signing client contracts efficiently.
Solution for seamless onboarding with minimal friction experienced.
Funding Insights of Parallel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investments & Acquisitions by Parallel
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Parallel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Parallel Comparisons
Competitors of Parallel
Parallel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Box, Pipefy, Zapier, Formstack and Nanonets, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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AI-based platform for secure collaboration and content management is utilized.
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SaaS-based workflow and task management solution provider
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No-code automation and AI tools are provided for workflow integration.
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Cloud-based workflow automation is provided for enterprise productivity.
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AI-powered platform for document processing and workflow automation is offered.
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Provider of AI agent workspace for task automation and project management
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Parallel
When was Parallel founded?
Parallel was founded in 2019.
Where is Parallel located?
Parallel is headquartered in Barcelona, Spain. It is registered at Barcelona, Catalonia, Spain.
Who is the current CEO of Parallel?
Derek Lou is the current CEO of Parallel. They have also founded this company.
What does Parallel do?
Parallel is established as a provider of compliance software focused on streamlining Anti-Money Laundering (AML) and Know Your Customer (KYC) processes. Solutions are offered for automating KYCKYB, conducting risk-based due diligence, and monitoring customers against PEP and sanctions lists. Industries such as law firms, fintech, and wealth management are served with tools for contract generation and customer onboarding. Operational costs are reduced through smart technology, and compliance audits are supported with automated logging. A personalized onboarding plan is provided by the customer success team to ensure effective implementation.
What products or services does Parallel offer?
Parallel offers Parallel KYC/AML Software, Contract Generation Tool, and Customer Onboarding Solution.