SEATTLE – (COMMERCIAL THREAD) – Vouched, the developer of proprietary, real-time, AI-powered identity verification services, today announced the closing of a $ 4.5 million funding round. The financing, led by leading digital technology entrepreneur Darrell Cavens, along with strategic investments from banking and legal services companies, is accelerating the company’s dynamic growth.
“Governments, businesses and consumers are increasingly moving their activities online,” said John Baird, co-founder and CEO of Vouched. “We are on the precipice of a purely digital world, and being able to verify identity online is both crucial and increasingly complicated: the traditional understanding of identity, which relies entirely on in-person examination , no longer exists. Yet access to our most important services – banking, health, employment, government aid – demands it. There is a huge need for fast, rigorous, accurate and compliant online verification. This is what Vouched does.
“Vouched is advancing online identification at a very rapid pace, and I think that’s exactly what so many businesses, governments and consumers need,” said Darrell Cavens. “Knowing precisely who a customer is will unlock dozens of crucial services to be offered digitally. ”
The ongoing migration to digital interactions between businesses and their customers has created a strong demand for the Vouched digital identity verification service. The COVID pandemic has acted as an accelerator as the demand for contactless identity verification globally has become a necessity in virtually every industry. Now it is clear to businesses around the world that fast and accurate online identification is a competitive advantage.
“Our identity verification system enables faster, more secure and hassle-free transactions for any interaction where identification is important. Whether you’re trying to set up an online bank account, checking into a hotel room without queuing, or just getting information from your doctor, Vouched solves the problem of proving you’re okay, ”Baird added. . “As hotels, retail banks and other consumer-oriented businesses discover and embrace this technology, I don’t see a return to analog verification models. ”
To date, the firm has verified the identity of nearly 3 million people worldwide and serves more than 150 companies across numerous verticals including banking, fintech, healthcare, telemedicine, legal, car rental, travel / hotels, e-commerce, art purchase, bank transfers. , and recruitment and selection of jobs. Vouched’s management team and investors, including leading digital tech entrepreneur Darrell Cavens, with additional support from Mark Vadon, Bankers Healthcare Group and Professional Bank, now recognize the potential to verify hundreds of millions of identities citizens around the world.
“We have brought together a dynamic array of innovators and investors,” said Baird. “Darrell and Mark are legendary disruptors and builders in the industry. Our strategic banking and legal partners will also be crucial partners in our efforts to accelerate Vouched’s global identity platform: banking, as it powers all economic activity and relies on identity for every transaction, and legal, as it defines identity. ”
About the warranty
Vouched is award-winning artificial intelligence and computer vision that enables end-to-end visual identity verification and online fraud detection in real time. Expert in over 550 government-issued identity documents in more than 70 countries, Vouched helps banks, fintechs, healthcare providers, and sharing and concert companies verify and onboard users for their give instant access to life’s most critical services. Learn more at www.vouched.id.
For more information about Vouched, visit www.vouched.id or contact Erin Hall at [email protected] or 646.706.1691.