Vouched
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | <1m | 1.3m | 2.4m | 3.5m | 4.1m |
% growth | - | 184 % | 88 % | 46 % | 17 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$1.8m | Seed | ||
$3.0m | Early VC | ||
$4.5m | Early VC | ||
* | $6.3m | Early VC | |
Total Funding | AUD24.1m |
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Recent News about Vouched
EditVouched.id is a startup specializing in digital identity verification solutions. The company leverages advanced technologies like artificial intelligence (AI) and computer vision to streamline and secure the process of verifying identities online. This is particularly crucial for businesses that need to authenticate their customers quickly and accurately, such as those in the automotive, eCommerce, and financial sectors.
Vouched.id serves a diverse range of clients, including automotive companies, eCommerce platforms, and financial institutions. These clients benefit from Vouched's ability to reduce fraud, enhance customer experience, and ensure compliance with regulatory requirements. For example, automotive companies use Vouched's solutions for various needs, from car rentals to new car purchases and test drives.
Operating in the digital identity verification market, Vouched.id addresses a critical need for secure and efficient identity verification. This market is growing rapidly as more businesses move online and require robust solutions to prevent fraud and ensure customer trust.
The business model of Vouched.id is primarily based on a subscription and usage-based pricing structure. Clients pay for the service based on conversion metrics, meaning they are charged according to the number of successful verifications. This model aligns the company's revenue with the value it provides to its clients, making it a win-win situation.
Vouched.id makes money by offering its digital identity verification services to businesses that need to authenticate their customers. The company also emphasizes security and privacy, using best-in-class encryption protocols like Advanced Encryption Standard (AES) 256 and Transport Layer Security (TLS) to protect data. This focus on security has earned Vouched the trust of industry leaders who rely on its services to safeguard their valuable data.
In summary, Vouched.id is revolutionizing the way businesses verify identities online, offering secure, efficient, and AI-powered solutions that cater to a wide range of industries.
Keywords: digital identity verification, AI-powered, computer vision, automotive, eCommerce, fraud prevention, security, privacy, subscription model, conversion metrics.