Vouched, an AI-driven identity verification firm, has scored $6.3m in funding from SpringRock Ventures and BHG VC.
Vouched’s expansion plans build upon the company’s rapid growth over the past year. The company now serves more than 300 banks, FinTechs, and healthcare providers, including Alloy and Hims Health. Vouched’s proprietary AI and computer vision platform now covers more than 85% of the global population, it claims.
Vouched CEO John Baird said, “Vouched delivers the industry’s most accurate and seamless identity verification AI, enabling companies to securely accelerate onboarding, provide frictionless customer experience, and unlock new growth opportunities.
“We look forward to enhancing the value of our identity verification platform to the healthcare market, and ensuring we remain a trusted partner-of-choice for businesses in highly regulated markets who want a solution that can prioritize both compliance and growth.”
SpringRock Ventures managing director Kirsten Morbeck added, “SpringRock Ventures recognizes the increasing importance of high reliability, real-time identity verification for expanding, consumer centric businesses such as telehealth, banking, or hospitality.
“Vouched has built an automated, AI-powered, proprietary solution that is faster, more accurate, more configurable, more scalable and less expensive than existing solutions. Vouched is poised to be a leader in providing this lynchpin of consumer confidence and transaction security to help businesses grow faster.”
The firm will use its latest financing to boost its platform, recruit top-talent and extend its support for financial services and healthtech companies.
Coda Payments, a provider of cross-border payments and distribution solutions, has partnered with Know Your Customer to boost corporate onboarding in APAC.
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