KYC
KYC, or “know your customer,” is a process intended to help financial institutions, fintech startups and banks verify the identity of their customers. Not uncommonly, KYC authentication involves “ID images,”…
AI startup Fourthline locks down $54M to bring better ID checks and compliance tools to the finance sector
Fourthline has built AI-based solutions to help with identity verification, help businesses comply with anti-money laundering rules and more.
Dotfile is a one-stop identity verification API for compliance purposes
Meet Dotfile, a new startup backed by eFounders that just raised a $2.7 million funding round (€2.5 million) to help companies verify users and other companies with a single application…
Using the blockchain to enhance KYC processes for web3 businesses
The blockchain provides many ways to improve upon the current KYC process to make it more secure, cost-effective and easy to deploy and use.
Identity verification company Youverify extends seed funding to $2.5M as it expands across Africa
This past month has seen several African fintechs such as Flutterwave and Union54 make headlines for compliance checks issues and fraud allegations. Both unlinked events re-emphasize the importance of know…
A few months after raising $1 billion, payments startup Checkout.com has announced that it plans to acquire French startup Ubble, which operates a remote identity verification service. The deal should…
Identitypass, an identity verification API for Africa, raises $2.8M seed funding
Mobile penetration in Africa is growing impressively at about 46% as more people come online for the very first time. In turn, this has increased the market opportunity for…
UK’s Thirdfort nabs $20M for tools to help with ID verification, and detect money laundering and payment fraud
Money laundering has been a hot topic of late in the UK, which is facing pressure to not just make tighter rules to track down the origins of money that’s…
New Zealand-based customer due diligence platform First AML gets $21M Series B
More of the world’s economy is moving online, and that is underscored by the long list of recent fundings and acquisitions in the digital ID authentication and anti-money laundering (AML)…
FrankieOne nabs $16M to provide fintechs with ID and fraud management as a service
Fraud continues to be a major issue in the world of digital transactions, a situation that research shows was only compounded in the last 20 months of online activity growing…
Indonesian ID and data verification startup Verihubs gets $2.8M led by Insignia Venture Partners
For many financial institutions in Southeast Asia, verifying new customers takes a week or two, said the founders of Verihubs. The startup cuts that time down to as little as…
Smile Identity raises $7M to build KYC and identity verification tools for Africa
An estimated one billion people worldwide face the challenge of proving who they are, according to a World Bank Group report that states that 81% of this number live in…
