INSUBCONTINENT EXCLUSIVE:
Seedcamp and other European investors.The 2018 founded startup bagged a $600k pre-seed round earlier this year for its full-stack identity
engine with a privacy twist.The latest tranche of funding will go on growing the team and sales channels in the US and Europe, says
so that individuals can leverage the core value proposition of our service and businesses can reap the rewards of seamless
launched an open beta in May and has been running tests over the summer, according to Klenk, who says around 15 companies have been actively
developers to plug and integrate a range of consumer-friendly identity checks into their digital services
Such as selfie video scans and identity document scanning
(Passbase is itself plugging into ID document verification services from a range of partners, augmented with add-ons such as a liveness
facial biometric scan and identity document scan via their webcam, without having to rely on their data being exposed to and potentially
do not have to claim your digital identity and can process through a transactional relationship like with any other identity verification
However, with a combination of your biometrics and unique identifier, we have the first building blocks of creating a universal digital
background checks, credit scores etc, it would be difficult to pass on using such a system
work cut out to get traction
the B2B2C approach whereby we are creating a useful service for businesses from day 1, while enabling data ownership for consumers in order
the market, it is complicated to completely shift their business model, whereas for newer competitors, it comes down to the operating model
combined with a per verification cost
The reason being that as we build out more and more modules (ID document verification, phone number, living address, email, work permit) we
