PXL Vision AG

PXL Vision AG is a Swiss company specializing in automated identity verification and electronic signing solutions, enhancing customer onboarding processes across various industries. Founded in 2017, PXL Vision AG is headquartered in Zurich, Switzerland, and focuses on identity verification services. The company has completed a total of 2 deals, with its most recent deal occurring on April 30, 2020. In this Seed round, PXL Vision raised CHF 4.

6 million led by SIX Group AG, alongside other investors such as AB Ventures, High-Tech Gründerfonds, and Zürcher Kantonalbank. The founders include Karim Nemr, Nevena S. , and Roxana Porada, who have experience in technology and entrepreneurship. PXL Vision specializes in offering automated identity verification and electronic signing solutions designed to enhance user experience and streamline business operations.

Their core product, PXL Ident, allows businesses to verify customer identities in under 30 seconds through a web-based Auto-ID process, eliminating the need for additional app downloads. This product is easily configurable to meet specific use cases and offers full white-label flexibility, ensuring compliance with data privacy and security regulations such as eIDAS and ZertES. The service is utilized by a diverse client base across various industries, including e-commerce, fintech, healthcare, and gaming, with a presence in over 165 countries. PXL Vision’s customer segments include national digital identity providers, educational institutions, insurance companies, and online service platforms, all relying on the company’s technology to ensure secure and efficient customer onboarding.

PXL Vision generates revenue through a subscription-based model for its SaaS offerings, which include PXL Ident, PXL Edu, PXL Age, and PXL Sign. These services are typically sold on a tiered pricing structure, enabling clients to select packages that best fit their operational needs and regulatory requirements. The revenue model allows for both direct-to-consumer transactions as well as B2B partnerships, where organizations integrate PXL Vision’s solutions into their existing platforms for identity verification and electronic signing. Clients benefit from customized support plans, which include technical installation and ongoing optimization, thereby enhancing the overall customer experience and facilitating higher conversion rates for businesses.

The diverse product offerings position PXL Vision well to capture a significant market share across numerous sectors, contributing to its financial stability and growth potential. In April 2020, PXL Vision AG raised CHF 4. 6 million in Seed funding led by SIX Group AG, with participation from Zürcher Kantonalbank and new investors. The funding will be utilized to expand the company's product portfolio and enter new markets and industries.

Specific plans include launching new products designed to further streamline identity verification. The company aims to target additional international markets over the next few years, aiming for a more significant presence in sectors requiring robust identity verification solutions.