Financials

Estimates*

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Revenues, earnings & profits over time
EUR20172018201920202021
Revenues-<1m<1m<1m<1m
% growth--254 %189 %19 %
EBITDA----<1m
% EBITDA margin----816 %
Profit---<1m(3.3m)
% profit margin---11 %(5893 %)
R&D budget<1m<1m<1m--
R&D % of revenue-2191 %4327 %--

Source: Dealroom estimates

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DateInvestorsAmountRound
-

N/A

-

$15.0k

Seed
N/A

$50.0k

Convertible

€460k

Grant

€50.0k

Grant

€50.0k

Grant

$1.3m

Seed

€1.2m

Grant
*

$5.0m

Series A
*

N/A

Support Program

N/A

Acquisition
Total FundingAUD13.0m

Recent News about Authenteq

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More about Authenteqinfo icon
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Authenteq is a cutting-edge technology startup specializing in identity verification solutions. The company offers a Mobile Software Development Kit (SDK) and a Web-based API that enable businesses to verify the identities of their users quickly and securely. Authenteq's services are particularly useful for companies that need to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These regulations require businesses to verify the identities of their clients to prevent fraud and other illegal activities.

Authenteq serves a wide range of clients, including financial institutions, online marketplaces, and any business that requires secure user authentication. The company operates in the global identity verification market, which is growing rapidly due to increasing concerns about online security and regulatory compliance.

The business model of Authenteq revolves around providing its identity verification services through a subscription-based model. Companies pay a recurring fee to use Authenteq's Mobile SDK and Web API, which can be easily integrated into their existing systems. This allows businesses to offer seamless and secure identity verification to their users.

Authenteq makes money by charging these subscription fees, which can vary based on the volume of verifications and the level of service required. The company also offers additional features such as selfie authentication, liveness detection, and face matching, which can provide extra layers of security for repeat customers.

In summary, Authenteq is a key player in the identity verification market, offering robust solutions that help businesses comply with regulatory requirements and enhance security. The company's innovative technology and flexible integration options make it a valuable partner for any business needing reliable identity verification.

Keywords: Identity Verification, KYC, AML, Mobile SDK, Web API, Compliance, Security, Liveness Detection, Face Matching, Global Market.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.