Middesk vs Alloy: Features, Coverage and Pricing Compared (2026)
Updated November 10, 2026 · Reviewed by Benjamin Margolis
Middesk and Alloy both help banks and fintechs decide whom to onboard. Middesk specializes in verifying businesses, using formation and registration data. Alloy is a decision engine that connects more than 270 identity, credit, and fraud data sources, with AML case work and SAR filing built in.
Our analysts compared the two on November 10, 2026, using each company's own product, pricing, and company pages and our full reviews of Middesk and Alloy.
Choose Middesk if
- your main question is which business is on the other side
- you lend to or onboard small businesses
- you want ongoing business monitoring
Choose Alloy if
- you combine many identity, fraud, and credit vendors
- you want policy testing before launch
- you need AML case management and SAR filing
Middesk scores 74 and Alloy scores 77 in our ratings. Middesk is the KYB specialist. Alloy is the orchestration layer, and many teams could use both.
Key Features Compared
Middesk vs Alloy at a Glance, November 2026
| Feature |  Middesk | Alloy |
|---|---|---|
| Ratings | ||
| Fintech Index score | 74 / 100 | 77 / 100Higher score |
| Overview | ||
| What it is | San Francisco business identity company that provides KYB verification and business data APIs for banks, fintechs, and lenders | Alloy connects banks, credit unions, and financial technology companies with identity and fraud data from many providers, speeding up onboarding and stopping fraud |
| Who uses it | Banks, fintechs, lenders, and marketplaces that onboard small businesses | Credit unions, banks, and fintechs that combine several credit, identity, and fraud data providers |
| Main products | Business verification (KYB), business formation data, and ongoing business monitoring | Identity, fraud, credit, and AML decision engine with 270+ data solutions, KYC and KYB, sanctions screening, monitoring, case management, and SAR filing |
| Where it operates | United States | Coverage follows the data vendors each customer switches on |
| Products and features | ||
| Document and selfie checks | Business identity focus | Through partner vendors |
| Pricing | ||
| How pricing works | Unit pricing on request; monitoring priced alongside onboarding checks | Plans and prices sold through a demo request; contract terms negotiated with sales |
| Published prices | Quote only | Quote only |
| Technology and compliance | ||
| Certifications and compliance | Built for regulated onboarding | Direct SAR e-filing with FinCEN inside the product |
| Developer tools | APIs for onboarding flows | Visual policy editor with backtesting, shadow testing, and champion-challenger tests |
| Integrations and partners | Business registry and related data sources | 270+ third-party data solutions, from credit bureaus to document and device checks |
| Onboarding and support | Developer- and sales-led API integration | Built for institutions that run many checks and vendors |
| Company | ||
| Founded | 2019 | 2015 |
| Headquarters | San Francisco, California | New York, New York |
| Ownership | Private company | Private |
| Funding | ~$77M raised; Series B of $57M in July 2022 co-led by Insight Partners and Canapi Ventures with Sequoia, Accel, and Gaingels | $207.8M from Lightspeed, Avenir, Canapi Ventures and others |
| Key leader | Kyle Mack | Tommy Nicholas |
| Scale | ~$77M raised through its July 2022 Series B | Last announced funding in 2022 |
Fintech Index Scores Compared
We rate every company on eight criteria from 0 to 100, four tied to what buyers in its sector need and four shared by every company, and the rating is their average. Middesk scores 74 and Alloy scores 77.
Criterion Scores Out of 100
Key Differences Between Middesk and Alloy
Focus
Middesk verifies businesses and monitors them over time. Alloy orchestrates checks on people and businesses across many vendors.
Compliance Tools
Alloy adds sanctions screening, monitoring, AML case management, and SAR e-filing with FinCEN.
Pros and Cons
Middesk
Pros
- Purpose-built for US business identity
- Formation and registration data for underwriting
- Ongoing business monitoring
Cons
- Not a consumer ID check
- No public fees
- US-focused
Alloy
Pros
- One decision engine over 270+ data solutions
- Strong policy testing: backtesting, shadow, and champion-challenger
- AML case management and FinCEN SAR filing built in
Cons
- No published prices
- Much of the data comes from partners
- Too much for a low-volume single ID check
Who Each Is Best For
Middesk
A bank, fintech, or lender that needs to verify and underwrite US businesses through KYB APIs.
Alloy
Alloy leads this group as an orchestration layer: one integration to many providers of identity and fraud data, a visual engine for decisions, capable testing tools and case management for AML. It fits banks and fintechs that operate several vendors, and pricing runs entirely through sales.
Alternatives to Middesk and Alloy
These companies, all reviewed and rated on The Fintech Index, cover some of the same ground as Middesk and Alloy.
Other Card Issuing and Processing Companies
| Company | Score | Best for | Comparisons |
|---|---|---|---|
| Persona | 81 | Teams that want configurable identity workflows | None yet |
| FrankieOne | 77 | Teams in Asia-Pacific that orchestrate many identity vendors | FrankieOne vs Alloy |
| Sardine | 77 | Fintechs that want fraud, AML, and identity from one vendor | None yet |
| Unit21 | 76 | Risk teams that write their own fraud and AML rules | None yet |
Frequently Asked Questions
Can Alloy verify businesses?
Yes, through KYB checks and partner data. Middesk specializes in business identity.
Do they publish prices?
No.
Sources
- The Fintech Index analysis of Middesk and Alloy, conducted November 2026 (As of November 10, 2026)
- Middesk home page: https://www.middesk.com/ (As of November 10, 2026)
- Middesk, Series B announcement: https://www.middesk.com/blog/announcing-our-57m-series-b (As of November 10, 2026)
- Alloy homepage: https://www.alloy.com/ (As of November 10, 2026)
- Alloy orchestration and decisioning engine: https://www.alloy.com/orchestration-decisioning-engine (As of November 10, 2026)
- Alloy identity verification: https://www.alloy.com/identity-verification (As of November 10, 2026)
- Alloy compliance: https://www.alloy.com/compliance (As of November 10, 2026)
- Alloy transaction monitoring: https://www.alloy.com/aml-transaction-monitoring (As of November 10, 2026)
- Alloy security: https://www.alloy.com/security (As of November 10, 2026)