Fully-Verified Closes Funding Round to Expand Biometric Verification in Europe and KYC Offerings
Company based in Estonia and Poland Fully Verified announced a new funding round by Fernando Herrera, Risto Valtakari, Dariusz Dwornikowski, Samuli Koski-Lammi, Pomerangels VC fund and Invento Capital VC fund.
Although the value of the funding was not disclosed, the company said it intends to use the new funds to expand the features and capabilities of its selfie biometric identity verification solutions and to further develop the team.
“The new investment will serve to further accelerate the company’s growth in Europe and bring new know-your-customer (KYC) solutions to market. All aimed at ensuring companies can onboard users faster, easier and more cost-effectively,” said Fully Verified CEO Lukasz Kwiatkowski. Biometric update.
“We would like to thank current and past investors such as Wise Guys Startup for their trust and professional support.
From a technical perspective, the fully verified platform provides automated identity verification solutions to combat different types of fraud in e-commerce businesses, including deepfakes, identity theft using high-resolution videos, impostors, look-alikes, the use of 2D paper photos and digital images.
The KYC service is designed to be deployed across a variety of applications, including fintech, crypto, and payments.
The platform includes automated document recognition and validation technology, facial recognition, machine learning, artificial intelligence, sanctions and politically exposed person (PEP) checks. It also offers the possibility of relying on verification specialists trained by Fully-Verified.
The new investment builds on that of 2020 when the company said it raised capital to further expand its business and provide KYC and biometric identity verification services to companies looking to move their operations online. Even then, the amount of funding was not disclosed.
biometrics | fraud prevention | Fully Verified | financing | identity verification | KYC | integration