This article provides an analytical overview of 10 new digital identity companies driving innovation through advanced technologies and specialized applications. These companies develop biometric authentication systems, fraud prevention apps, 3D fingerprint scanners, and more. Additionally, e-signature verification apps use advanced cryptographic techniques for secure document validation while near-field communication (NFC)-based verification integrates secure elements for real-time identity verification. Each company makes substantial advancements in its fields, showcasing the diverse and expanding applications of digital identity technologies. These innovations underscore the essential role of secure, efficient identity management across sectors, like finance, healthcare, and more. The last update of this report was 5 days ago. If you spot incomplete or incorrect info, please let us know.
Continue reading to gain up-to-date and data-driven insights on:
- Profiles of 10 Emerging Digital Identity Companies
- How to Scout Top Digital Identity Companies Easily
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Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of digital identities. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Current Digital Identity Tech Trends: Some of the major trends impacting digital identity include biometric authentication, real-time fraud detection, transparent identity management, behavioral biometrics, and multi-factor authentication (MFA).
- Digital Identity Market Statistics: The digital identity sector encompasses over 15.6K+ organizations worldwide. Over the past five years, 3K+ new digital identity companies have emerged, with 2020 as the average founding year. On average, each of these companies employs around 20 people. Furthermore, these digital identity verification companies secured an average funding of USD 21.7 million per round in the same span.
- 10 New Digital Identity Companies to Watch:
- VerifiNow – Biometric Identity Verification Software
- uqudo – NFC Scanning & Verification Devices
- Truid – E-Signature Verification App
- eyeDnow – Visual ID Verification
- VerifiMe – Customer-Controlled Reusable ID
- Corsound AI – Actionable Voice Intelligence
- fraud – Fraud Prevention SaaS
- Amwal Tech – Identity-powered Authentication
- IDloop– Contactless 3D Fingerprint Scanner
- Dojah – Fraud Prevention & Know Your Customer (KYC)
Discover 10 out of 3K+ Emerging Digital Identity Companies
In this section, we spotlight 10 new digital identity companies offering biometric identity verification software, NFC verification devices, 3D fingerprint scanning devices, and e-signature verification apps. Further, these entities employ visual ID verification, actionable voice intelligence, and fraud prevention SaaS. Utilizing advanced algorithms, sensor technologies, and machine learning, these companies enhance security, precision, and operational efficiency while setting new standards in the digital identity domain.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. VerifiNow
- Founding Year: 2022
- Employee Range: 11-50
- Location: USA
- Signal Strength: Medium Strong
- What they do: VerifiNow offers a biometric identity verification platform to protect identities, prevent fraud, and ensure compliance in the healthcare, finance, banking, and public service industries. The platform employs real-time analytics, biometric authentication, AI-driven risk assessment, and cryptographic protocols to ensure data integrity and security. It incorporates multi-factor authentication and continuous monitoring to detect and mitigate fraudulent activities. VerifiNow’s security framework guarantees regulatory compliance and enhances operational efficiency and security.
2. uqudo
- Founding Year: 2019
- Employee Range: 11-50
- Location: UK
- Signal Strength: Very Strong
- What they do: uqudo leverages NFC devices for secure validation of passports and ID documents. The system automates data extraction from NFC chips, supports documents from various countries, and verifies biometric identities against national registries. This technology reduces manual entry while enhancing user experience and security. uqudo, in turn, enables financial institutions, government agencies, and telecom operators to ensure rapid onboarding as well as high accuracy and efficiency in identity verification.
3. Truid
- Founding Year: 2021
- Employee Range: 2-10
- Location: Sweden
- Signal Strength: Very Strong
- What they do: Truid offers a comprehensive global digital identity solution to prevent AI-driven fraud, eliminate complexity, and cut costs. Its platform combines biometric verification, document authentication, multi-factor authentication (MFA), and encryption to safeguard personal information. The platform also features zero-knowledge proof protocols for secure authentication, decentralized identity management to avoid centralized vulnerabilities, and advanced electronic signatures for regulatory compliance. Truid thus allows businesses to streamline user onboarding, enhance security, and ensure trust in digital transactions.
4. eyeDnow
- Founding Year: 2020
- Employee Range: 11-50
- Location: United States
- Signal Strength: Strong
- What they do: eyeDnow provides a visual ID verification platform that creates secure meetings for onboarding. This solution leverages real-time identification during virtual interactions. It integrates live facial recognition with video calls to ensure real-time matching of selfies with government IDs. Moreover, the platform automates workflows and reduces onboarding time by eliminating time-consuming manual checks. eyeDnow allows financial institutions and healthcare providers to benefit from improved fraud prevention and regulatory compliance.
5. VerifiMe
- Founding Year: 2022
- Employee Range: 11-50
- Location: Australia
- Signal Strength: Weak
- What they do: VerifiMe utilizes a customer-controlled reusable ID platform for secure and user-regulated identity sharing. It enables granular control over identity status usage through real-time monitoring and precise compliance enforcement. Moreover, the platform incorporates automated compliance assessments and configurable policy rules to ensure regulatory adherence without revealing personally identifiable information. VerifiMe thus enables accountants, fund managers, lawyers, and real estate agents to enhance real-time risk assessment, data security, and detailed reporting analytics.
6. Corsound AI
- Founding Year: 2020
- Employee Range: 11-50
- Location: Israel
- Signal Strength: Very Strong
- What they do: Corsound AI leverages voice intelligence to decode voices in real time and identify risks. The company’s deep learning solution provides deep fake detection, identity theft alerts, and voice-to-face generation. Security sectors and financial institutions benefit from accelerated investigative processes, real-time fraud prevention, and automated voice-to-face matching using advanced biometrics and machine learning.
7. fraud
- Founding Year: 2022
- Employee Range: 11-50
- Location: United Kingdom
- Signal Strength: Very Strong
- What they do: fraud provides AI-powered fraud prevention through ID verification and biometric authentication using face and voice detection. The company’s solution employs passive liveness detection, NFC, and optical character recognition (OCR) for rapid and accurate identity verification. It detects the issuing country and document types as well as supports various document templates across countries. This ensures global coverage and compliance with ISO standards. Moreover, this solution deters fraudsters with multi-layered security, including AI-based face and voice verification, aiding financial and security institutions.
8. Amwal Tech
- Founding Year: 2022
- Employee Range: 11-50
- Location: United States
- Signal Strength: Very Strong
- What they do: Amwal Tech offers an identity-based authentication and payment infrastructure for fintechs, banks, and merchants. It utilizes passwordless, OTP-free passkeys, and phishing-proof cryptographic binding tokens for secure identity and access management. Further, the authentication technology allows passive multi-factor cryptographic binding authentications. These features allow financial institutions and enterprises to reduce SMS OTP costs and gain a more secure and efficient digital payment experience.
9. IDloop
- Founding Year: 2021
- Employee Range: 11-50
- Location: Germany
- Signal Strength: Very Strong
- What they do: IDloop manufactures flat scanners that utilize optical 3D technology to capture microscopic structures of the human finger. Its motion compensation algorithm allows for accurate capture even with moving hands. The scanner illuminates fingerprints with structured blue light patterns, which a camera records to generate a detailed 3D point cloud. These images are then converted into 2D equivalents for compatibility with existing databases. IDloop serves financial institutions and security agencies by enabling rapid and high-quality fingerprint imaging.
10. Dojah
- Founding Year: 2021
- Employee Range: 11-50
- Location: Nigeria
- Signal Strength: Very Strong
- What they do: Dojah provides an AI-powered fraud prevention and KYC platform for secure identity verification. The platform enables real-time identity verification using financial, biometric, government, and anti-money laundering data. Moreover, the company’s suite of API and no-code tools facilitates secure access to customer identities. This technology allows businesses to ensure secure verification, reduce fraud, and safely onboard users at scale.
Quick Tip to Find the Best Digital Identity Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new digital identity companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying digital identity innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the digital identity domain. The platform keeps you informed with near real-time updates on emerging digital identity companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the digital identity sector, such as NFC scanning devices, fraud prevention apps, or biometric authentication. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All New Digital Identity Companies?
This overview highlights just a few digital identity solutions from all 3K+ new companies currently covered by the Discovery Platform. To explore them all, book a personalized demo or download one of our free Industry Innovation Reports for a quick overview. Partner with us to offer cutting-edge insights into startups and tech. We welcome your input.
