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Company Database - Inverid

Inverid provides trusted identity verification through their ReadID technology for NFC-first identity document verification. It leverages what people already have: government-issued identity documents with contactless NFC chips and smartphones. Inverid is headquartered in the Netherlands and has offices in London and Valencia.

Background information

Year founded

2013

Website

www.inverid.com

Target group 
  • Banks/FS;
  • Fintech;
  • Brokers;
  • Crypto exchange/Blockchain and Crypto companies;
  • Telecom
  • PSP

Supported regions

Global

Contact

Lucie Roulland

Company's motto

Trusted Identity Verification

Member of industry associations and/or initiatives

The Hauge Security Delta, Holland Fintech, Biometrics Institute

Core solution 

  • Identity Verification
  • KYC remediation 
  • KYC/CDD 
  • Digital Identity Service Provider
  • Authentication

Core solution/problems the company solves

ReadID is the leading NFC-first identity verification technology, creating the highest conversion and effortless scalability for customers while also being easy to use and implement and highly secure.

Technology 

 

  • On-premise
  • Cloud enabled
  • Native Cloud

 

Data input

 

Identity verification

Identity document scanning - proprietary capability

Online authentication

Behavioural biometrics - Third party - Yes

 

Methodology

Machine learning 

  • Hybrid
  • Supervised ML
  • Unsupervised ML

Decisioning 

  • Decision orchestration

Business model

Pricing model

SaaS-based pricing model, device-based pricing model, committed volumes

Fraud prevention partners

See https://www.inverid.com/partnerships

Investors

 

Main capital partners

Year-over-year growth rate

25+

Number of employees

65

Future developments

PID ingestion

Customers

Rabobank, UK Home Office, ING, SK Identity Solutions, Digidentity, Thirdfort, Entrust, ASB Bank New Zealand, BCM, Moneybird, Fiat24, Relai, and others.