Early funnel EIN search to validate businesses
Middesk’s Business Verification database gives you access to 91M business profiles updated every 2 hours straight from the IRS.
Business Profiles
Added in Q3
Update frequency
Business registries
What is an EIN search tool?
An EIN search tool is automated software that can search through an EIN database and verify the EIN (Employer Identification Number) or TIN (Tax Identification Number), and business name to match the record with the Internal Revenue Service.
It’s difficult to verify a company meets CIP compliance requirements early in the funnel. One way to quickly do this is by verifying a businesses’ Employer Identification Number (EIN) or Tax Identification Number (TIN), which all businesses are required to have. Unfortunately, with frequent IRS outages, it can be difficult to convert customers fast enough.
Middesk’s EIN matching tool provides a response in seconds on whether the submitted EIN and business name are a match, allowing for fast approvals, and reducing the risk of onboarding fraudulent businesses early in the funnel.
How the EIN lookup tool works
Step 1
Enter the business name and EIN (or TIN)
Step 2
We return whether the IRS has a record for the submitted Business Name & EIN combination
Step 3
Order additional information about the business, including SOS filing information, U.S. watchlist screening, and more
Information you can get with our EIN search tool
Verifying a business name and TIN likely means you need to return other business information to onboard a new customer.
Middesk Business Verification Data Sources
Data You Can Access
What Do You Need to Know?
EIN / Business Tax ID
Is this the business they are claiming to be? Have they registered their business legally with the IRS and are they in good standing?
Without a valid EIN number, you don’t know who you are doing business with, so this should be the first step of any business verification process.
Business name, address, & phone number
Do these match what they told me, and do they match across all SOS submissions and state filings? Are they conducting legal business in the state I’m trying to do business in?
Ultimate Beneficial Owner (UBO)
Does this match who I know I need to deal with, and am I aware of who I’m truly doing business with?
Business license
Are these set up and in good standing with all local, state, and federal boards?
Business industry classification (NAICS, SIC)
Are they conducting the type of business they claim to be with me?
Business documents
Can I see their Articles of Incorporation and Certificate of Good Standing to verify I should do business with them?
Liens & litigations
Are there any litigations or liens filed against this business I should be aware of?
Bankruptcy data
Has this business filed for bankruptcy, and are they a financial risk to me?
Watchlist hits & PEP screening
Are any people associated with this business on the OFAC Sanctions list, a PEP, or on any Watchlist where compliance would prevent me from doing business with them?
Applications of an automated EIN/TIN search tool
When conducting business verification, there are any number of reasons you might need to verify a business' name and EIN.
Fintechs
Join the modern onboarding experience by automating the customer journey and reducing onboarding friction with a faster approval process you can put in place using the EIN search tool. Get all the business information you need to open new accounts or approve business loans.
Insuring new customers
Approve more new business applications faster using accurate information, getting all the information you need to meet KYB and CIP regulatory compliance. The EIN search plus our Verify tool pulls in the information for all identity-related questions you have about your new customers.
Commercial bank account onboarding
Mitigate your front and back-end risk with instant access to all the information and documents required to open new commercial bank accounts for your customers. You can automatically source the supporting formation documents needed for your Customer Identification Program (CIP), and screen for sanctions at the same time you pull up an EIN or TIN number.
Lenders
Make informed choices while giving your new customers the capital they need. The EIN search tool combined with our Verify tool can establish signing authority by offering insights about the relationships between the business and its owners, can automatically source the formation documents you need, and can screen company leaders for sanctions - all in a matter of minutes.
Marketplace
When verifying EINs and TINs, you can make sure the business applications to your marketplace don’t pose a fraud risk, and keep your brand and reputation intact in the process. Build trust in your marketplace as you maintain high standards of compliance within your marketplace members.
Payments
Using the EIN search tool, payments providers and Payment Service Processors (PSP) can instantly verify the legitimacy of your merchant customers before onboarding, keeping the trust present within your payments platform for all customers.
Accelerated customer onboarding made easy with EIN search
Know who you’re doing business with
A valid EIN ensures the business you’re onboarding is registered legally with the IRS.
Automate bulk EIN lookup database searches
If performing business verification is a regular task, automate bulk EIN and other validation lookups with a single tool, and run EIN database searches as many times as you want - all instantly.
Make more confident onboarding decisions
The EIN or TIN, and other critical business verification information offers the opportunity to make faster decisions, backed by real data.
Streamline business verification processes
Use Verify to cut your time to validate significantly by pulling up all necessary information from one search, including business formation documents, UBOs, and liens data.
Build using our easy to integrate APIs, or get started with our dashboard
What makes Middesk’s EIN search tool different?
Complete data
We have EIN data on 100% of registered businesses in the United States.
Data freshness
We prioritize data freshness, with 92% of our business records refreshed within the last 30 days.
Automatic notifications
We automatically notify you of changes to your customer base so you can also make fast decisions after onboarding
Manual reviews
If we can’t match the EIN or TIN of the business you’re looking for to our database, someone from our team will manually review your request within 5 minutes.
How Radius Bank finds more hours in the day with Middesk
“Every minute we’re able to save in processing loans is a minute faster than a small business will have access to the capital they need. With Middesk, what ordinarily would have taken us hours to do is now taking us minutes. We take pride in partnering with technology companies that help us serve our customers better.”
How Novo redefines its KYB process with Middesk’s verification product
“Middesk's market-leading methods challenge the established legacy approach to verification. Their product has unlocked significant efficiency, enhancing the onboarding experience for small businesses to access Novo. Middesk’s ground-up approach to product development played an integral part in increasing confidence in KYB, both internally and with partners.”
Driving team efficiency and performance with Clearco
“Middesk's Lien Search product has allowed my team to focus on value-add activities like making deals rather than tedious tasks like sifting through UCC portals. My team is faster and happier with getting business owners the capital they need to grow their businesses.”
Leveling up Plaid’s onboarding process with seamless KYB
“When a customer signs up for Plaid, they want to start building on our APIs right away. Middesk has been a critical partner enabling us to quickly and seamlessly onboard new customers.”
Frequently Asked Questions about EIN validation
Without an EIN database search, you can’t confirm you’re actually doing business with a company that has legally registered with the IRS.
Validating the EIN/TIN should be step one in a thorough business verification process, and making sure this is validated ensures all further verification you do isn’t wasted on a company that doesn’t really exist.
The data in the IRS EIN search tool comes from verified records of the IRS.
Middesk validates TIN and Business Name combination with the IRS.
With frequent IRS outages, it can be difficult to convert customers fast enough. Middesk’s EIN matching tool provides a response in seconds on whether the submitted EIN and business name are a match, allowing for fast approvals, and reducing the risk of onboarding fraudulent businesses early in the funnel.
You can build with our easy-to-integrate APIs, which can typically be fully set up within a couple of days, or you can get started right away with our dashboard, which could be ready for you in an afternoon.
Validate the EINs of prospective customers in seconds
Build using our easy to integrate APIs, or get started with our dashboard.
