xID

xID Co. , Ltd. , based in Japan, specializes in digital ID solutions, leveraging the My Number Card system to facilitate identity verification and streamline access to both government and private services. Founded in 2012 in Tokyo, Japan, xID Co.

, Ltd. focuses on digital identity solutions, particularly utilizing Japan's My Number Card system. The company has completed a total of 4 deals, with its most recent funding round occurring in December 2024, where they raised JPY 600 million. The funding was led by returning investor DG Incubation and included participation from Dai Nippon Printing, SocioFuture, Ltd.

, Ryobi Systems Co. , Ltd. , and Sumitomo Mitsui Banking Corporation, alongside new investor Resona Capital. The current CEO and co-founder, Hikaru Kusaka, has been pivotal in steering the company toward its innovative approach in digital solutions.

xID株式会社 (Cross ID) specializes in the development and promotion of digital ID solutions that leverage Japan's My Number Card system. The company's core offerings include a digital ID application that facilitates online and face-to-face identity verification, enabling seamless access to government and private sector services through a single, secure identifier. This application enhances user convenience while ensuring robust security protocols, addressing the challenge of verifying identities across various contexts. Additionally, xID provides a digital mail service for local governments, ensuring secure delivery of official notifications to residents via a digital mailbox, thus streamlining administrative processes aimed at Japanese municipalities and citizens.

xID株式会社 generates revenue through a combination of subscription-based models and service partnerships with local governments and enterprises. The company's offerings, particularly its flagship digital ID application and municipal digital mail service, involve structured transactions where municipalities pay for the implementation and ongoing support of digital services that enhance their administrative efficiency. Individual users can access the digital ID application for free by using their My Number Card, while businesses and government clients subscribe to tailored services designed for identity management and notification delivery, creating a diverse revenue stream. In December 2024, xID Co.

, Ltd. raised JPY 600 million in venture funding, which will be utilized to expand SmartPOST, accelerate the usage of My Number Card, and enhance digital solutions for both public and private sectors. The company is targeting new markets within Japan for its digital ID solutions and plans to introduce additional features to its digital ID application. These initiatives align with xID's strategy to enhance the digital infrastructure across municipal and private sector interactions.