# Accredify Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/accredify-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.accredify.io
- Total disclosed funding: $9.2M
- Latest round: Series A (Mar 19, 2024)
- Investors on record: 8

## About

Based in Singapore, Accredify Pte. Ltd. specializes in verification technology, providing a comprehensive platform for issuing, managing, and verifying documents across various sectors, ensuring integrity and efficiency in critical processes.Accredify Pte. Ltd. was founded in 2019 in Singapore and operates its TrustTech platform, which is designed to facilitate document verification and management. The founders, Derrick Lee, Edmund Chew, Herwig Konings, Shaun Cheetham, and Zheng Quah, have backgrounds in technology and business. In March 2024, the company raised USD 7.00 mn in Series A funding from investors including Pavilion Capital Partners, Qualgro, SIG Venture Capital, iGlobe Partners. The total amount raised to date is USD 7.00 mn, with four deals completed since inception.Accredify’s core offering is its TrustTech platform, an end-to-end verification technology solution designed to create, issue, verify, and manage verifiable documents seamlessly. The platform empowers clients across various industries, including education, healthcare, and finance, by ensuring information integrity and process efficiency. By leveraging decentralized ledger technology, TrustTech enables the issuance of tamper-proof documents that can be instantly verified, addressing critical use cases such as credential verification, document management, and data analytics. The company’s clientele includes educational institutions and healthcare organizations, with a growing user base across multiple geographical markets, including Southeast Asia, Australia, and select regions in Europe. This strategic positioning allows Accredify to meet the demands of a digital economy increasingly reliant on secure information exchange and verifiable data.Accredify generated revenue of USD 1,274,242.40 in 2023, with an EBITDA loss of USD 2,404,266.40 for the same year. The company primarily generates revenue through subscription-based models and partnerships with organizations using its TrustTech platform for document verification and management. Clients engage on a B2B basis, paying for bulk issuance of verifiable documents and credentials, with products including Accredify Passport and other customized solutions.In March 2024, Accredify Pte. Ltd. raised USD 7.00 mn in Series A funding, which will support the launch of new product features and enhancements to its TrustTech platform. The company aims to expand its operations into new markets, specifically targeting regions in Europe and North America by the end of 2025. The recent funding will be utilized to accelerate product development and marketing initiatives, aiming to increase market penetration and foster strategic partnerships.

## Funding rounds

- Series A, Mar 19, 2024 — Okta Ventures
- Series A, Apr 20, 2023, $7M — iGlobe Partners, Qualgro, Pavilion Capital Partners, SIG Venture Capital
- Series A, Sep 30, 2021, $2M — Endeavour Ventures, K2 Global, Qualgro, Pavilion Capital Partners
- Seed, Mar 1, 2020, $0.2M — Endeavour Ventures, LuneX Ventures

## Investors

- Endeavour Ventures (https://capitalatlas.ai/funds/endeavour-ventures) — Seed, Series A
- LuneX Ventures (https://capitalatlas.ai/funds/lunex-ventures) — Seed
- K2 Global (https://capitalatlas.ai/funds/k2-global) — Series A
- Qualgro (https://capitalatlas.ai/funds/qualgro) — Series A
- Pavilion Capital Partners (https://capitalatlas.ai/funds/pavilion-capital-partners) — Series A
- iGlobe Partners (https://capitalatlas.ai/funds/iglobe-partners) — Series A
- SIG Venture Capital (https://capitalatlas.ai/funds/sig-venture-capital) — Series A
- Okta Ventures (https://capitalatlas.ai/funds/okta-ventures) — Series A