Credify Pte. Ltd.
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Credify Pte. Ltd. - overview
Established
2019
Location
-, -, Singapore
Primary Industry
Software
About
Credify Pte. Ltd. is a Singapore-based company specializing in digital identity verification and authentication solutions, enhancing security and trust in online transactions across various sectors. Founded in 2019 in Singapore, Credify Pte.
Ltd. provides identity verification solutions to combat fraud. The company was co-founded by Makoto Tominaga and Shuichi Nagao. It raised USD 740,000 in Seed funding on November 25, 2020, led by TIS Inc.
, with participation from BEENEXT and DEEPCORE. The latest funding round represents the total amount raised, bringing the company's valuation to USD 9. 54 mn. Credify Pte.
Ltd. specializes in comprehensive digital identity verification and authentication services aimed at enhancing security in online transactions. Their core offerings include real-time identity verification technologies that reduce fraud and improve customer onboarding experiences. Targeted at sectors such as finance, e-commerce, and telecommunications, these solutions address issues like identity theft and regulatory compliance.
Credify operates in North America, Europe, and parts of Asia, serving a clientele that includes financial institutions and online retailers. In 2023, Credify Pte. Ltd. reported no revenue with an EBITDA of -894,309 USD.
The company generates revenue through a subscription model for its identity verification services, allowing clients like banks and e-commerce platforms to purchase access to its verification tools, which integrate seamlessly into their systems. This tiered subscription structure accommodates varying transaction volumes, fostering long-term partnerships and establishing a predictable revenue stream as businesses invest in ongoing verification solutions. Credify Pte. Ltd.
plans to expand its product offerings, with new identity verification solutions in development aimed at addressing emerging market needs. The company is looking to penetrate new geographic regions, focusing specifically on the Asia-Pacific and European markets by 2024. Recent funding from the Seed round will be utilized to enhance product development and support market expansion initiatives, allowing Credify to strengthen its position in the digital identity verification landscape.
Current Investors
BEENEXT, Deepcore, TIS Inc.
Primary Industry
Software
Sub Industries
Analytics & Performance Software
Website
www.credify.one
Verticals
Artificial Intelligence, Cloud Computing, E-commerce, FinTech
Company Stage
Angel & Seed
Total Amount Raised
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