ReadID is the leading NFC-first identity verification technology. It allows users to verify identity documents such as passports, ID cards, and driving licenses by means of NFC on the smartphone. We orchestrate with optical and facial verification partners for non-chipped documents and holder verification. ReadID combines the highest conversion and 100% security.
Target group
Banks/FS Fintech Crypto exchange/Blockchain and crypto companies Merchants/Marketplaces (regulated entities) PSP/acquirers Telecom
Supported regions
US
China
Core solution
KYC/CDD KYC remediation Identity verification
Core solution/problems the company solves
Combines 100% security with 95%+ conversion through NFC-first IDV. Easy to use and implement, unlimited scalability because it is fully automated. EU-based. Orchestration with facial and OCR verification.
Technology
Identity verification
Identity document scanning via proprietary capability Video scanning via third party Personally Identifiable Information (PII) validation via proprietary capability and third party Compliance check via third party
Online authentication
Behavioural biometrics via third party Physical biometrics via third party Device fingerprinting via third party
Decisioning
Decision orchestration
Pricing model
Per transaction plus fixed fee. Committed volumes possible. Client-only license-based.
Fraud prevention partners
Investors Main Capital Partners
Year over year growth rate 20%+
Number of employees 45
Future developments
Full-service provisioning, including optical verification; sales offices in UK and others.
Customers reference