What is a Source of Wealth and why do we need it?
To open and maintain your account, we’re required by financial regulations to ask where your money originally comes from — this is called your Source of Wealth (SoW).
It’s not just about where the money is right now, but how you built it up over time. For example, if you’re launching your online business using personal savings, freelance income, or money you’ve set aside over the years, that’s your Source of Wealth.
We know it might feel unnecessary, especially if you’re just starting out, but it’s a regulatory requirement. It helps us protect your account, comply with regulations, and keep our platform secure and trusted.
Examples of Source of Wealth
Source | Example |
Salary | I saved part of my income from previous jobs |
Personal savings | I built up savings from freelance work or side gigs |
Investments | I cashed out crypto or stocks I had invested in |
Business revenue | I reinvested profits from another small business |
Loan or funding | I borrowed money through my company or personally |
Inheritance | I received money or assets from family |
Grants/subsidies | I got support from a government or private program |
What you can send us
Just give us a short explanation (1–2 sentences) and, if possible, a simple document showing the origin — for example:
A PDF statement of your personal bank account with the savings
Payslips or invoices (if savings came from a job or freelance)
A statement showing your investment withdrawal
Any loan or grant agreement, if applicable
If you’re not sure what fits your case, just send us what you have, and we’ll help you figure it out.