Universal identity and trust system Credify has scored $1m in its seed round from venture capital firms BEENEXT and DEEPCORE.
With the new funds, the company will look to enhance the development of its products, localize its software development operations in South East Asia and proceed with its live client engagements.
Credify offers Universal Identity and Trust System solutions to businesses in e-commerce and finance. The platform serves as a personal data bridge which eases access to personal information in a secure manner.
Users can create one ID, which is validated online, to access multiple different digital services.
Credify CEO Makoto Tominaga said, “This investment from BEENEXT and DEEPCORE represents far more value than the capital that will assist us as we execute on our vision to elevate trust in digital economies.
“Both firms bring with them strong networks within our target markets and deep understanding of the strategic and practical execution necessary to transform early stage businesses to large-scale growth enterprises. Credify could not have asked for better partners in this early stage of our journey, and we are overwhelmed with appreciation to have this opportunity to work with both teams for many years to come.”
Copyright © 2018 RegTech Analyst
