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Top KYC Solutions startups
There are 845 KYC Solutions startups which include Perfios, Signicat, Onfido, HID Global, IDfy. Out of these, 326 startups are funded, with 153 having secured Series A+ funding. United States has the most number of companies in KYC Solutions (172), followed by United Kingdom
(99), and then India (86).
Over the past 10 years, an average of 48 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Stanford University, University of Pennsylvania and Massachusetts Institute of Technology.
Here is the list of top KYC Solutions Startups
1. Perfios
Real-time credit-decisioning platform and data aggregation APIs. It provides users with a SaaS-based B2B fintech software company in India that provides financial data analysis software and tools, as well as SME lending solutions. It also offers information on the financial worthiness of the customer and automates the loan decision process. Its APIs help companies to create personal finance applications for consumers. It also provides a personal finance manager application to manage finance in one place with embedded finance, KYC, and more.
Key facts about Perfios
- Founded Year: 2008
- Location: Bengaluru (India)
- Stage: Series D
- Total Funding till date: $263M
- Investors: Bessemer Venture Partners, Warburg Pincus and 35 Others
- Latest Funding Round: Series D, Mar 13, 2024, $80M
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 3 of 393 Competitors
2. Signicat
Provider of software solutions for identitiy management. It provides users with a digital identity assurance provider that delivers API based access to several identity methods including public eID schemes, registry lookups, consumer identities, digital identity paper, verification paper verification, and hosted identity methods. The solutions are used by banks and financial institutions, insurance companies, government agencies, and large corporations and SMB.
Key facts about Signicat
- Founded Year: 2006
- Location: Trondheim (Norway)
- Stage: Acquired
- Total Funding till date: $2.09M
- Investors: European Union, EIC Fund and 5 Others
- Latest Funding Round: Grant (prize money), Jan 01, 2020, $64.4K
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 4 of 1,125 Competitors
3. Onfido
AI-powered digital identity verification solution. It enables businesses to securely onboard customers and verify identities. It uses a combination of photo-based identity documents, selfies, and artificial intelligence to verify identities, aiming to simplify and secure the digital identity verification process. It uses AI-based tools for verifying facial biometrics. It offers solutions to multiple industries including eCommerce and retail, financial institutions and services, healthcare, transport, and online gaming.
Key facts about Onfido
- Founded Year: 2012
- Location: London (United Kingdom)
- Stage: Acquired
- Total Funding till date: $242M
- Investors: Said Business School, Salesforce Ventures and 103 Others
- Latest Funding Round: Grant (prize money), Aug 18, 2020, $6.55M
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 4 of 1,285 Competitors
4. HID Global
Developer of cloud-based integrated physical identity and access management systems. It provides users with IT and physical security solutions for identity verification and authentication in enterprises. Its product portfolio includes biometric-based physical access controls, threat detection solutions to protect against fraud and data breaches, encryption-based digital signature solutions for secure online transactions, and document signing.
Key facts about HID Global
- Founded Year: 1991
- Location: Austin (United States)
- Stage: Acquired
- Investors: Court Square
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 6 of 1,169 Competitors
5. IDfy
Integrated identity platform offering KYC, KYB, and fraud prevention solutions. The company provides a suite of APIs for identification and verification, background screening, and risk assessment. The platform includes video solutions for remote verification and onboarding, bank statement analysis, and a consent governance solution for data privacy. A no-code platform allows for the creation of customized onboarding journeys. The platform is designed to be highly scalable and secure, with features to detect document tampering and impersonation. The company also offers background verification services with fast turnaround times and deep fraud checks. Additional services include legal history checks and risk assessment capabilities for various industries.
Key facts about IDfy
- Founded Year: 2011
- Location: Mumbai (India)
- Stage: Series E
- Total Funding till date: $56M
- Investors: Blume Ventures, New Enterprise Associates and 37 Others
- Latest Funding Round: Series E, May 30, 2024, $10.8M
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 6 of 1,633 Competitors