# ChainPlus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chainplus

- Industry: Marketing/Advertising
- Headquarters: Hong Kong, Hong Kong SAR - China
- Website: www.chainplus.one
- Total disclosed funding: $1.9M
- Latest round: Angel (May 16, 2018)
- Investors on record: 1

## About

ChainPlus is a technology company that provides AI-driven verification solutions designed to improve operational efficiency and security for businesses in various sectors, focusing on combating fraud and ensuring compliance.Founded in 2018, ChainPlus is based in Hong Kong and specializes in AI verification solutions. The company has not undergone any significant strategic pivots since its inception. It was established with a singular focus on enhancing transaction and identity verification. In May 2018, ChainPlus secured CNY 12 million in an Angel funding round led by GeekBeans Capital, marking its only funding round to date, raising a total of CNY 12 million. The CEO and founder information is currently not available.ChainPlus offers a comprehensive suite of AI-powered verification solutions designed to enhance operational efficiency and security for businesses across various sectors. Their core product, an advanced verification infrastructure, leverages artificial intelligence to streamline the process of validating transactions and identities, thereby addressing critical concerns around fraud and compliance. This technology is particularly vital for industries such as finance, e-commerce, and telecommunications, where accurate and reliable verification is paramount. ChainPlus targets a diverse client base that includes financial institutions, online retailers, and service providers, primarily focusing on markets in North America and Europe. The deployment of these products has been strategically timed to coincide with increasing regulatory demands and the growing necessity for robust security measures in digital transactions.ChainPlus generates revenue through a subscription-based model that allows clients to access its verification infrastructure and services. The company structures its transactions primarily through direct partnerships with businesses, offering tiered pricing plans that cater to the varying needs of its clientele. Flagship offerings, including specialized AI verification tools, are provided under these plans, enabling clients to select packages that align with their specific operational requirements. Revenue is derived from these subscription fees, which are typically billed annually, ensuring a consistent cash flow for the firm. Additionally, ChainPlus may engage in strategic alliances that enhance service offerings, further solidifying its financial foundation within the industry.ChainPlus plans to utilize the CNY 12 million raised in May 2018 to further develop its AI verification technology and increase its market presence. The company aims to launch new products that enhance its verification capabilities, although specific release dates have not been disclosed. Additionally, ChainPlus is targeting expansion into new geographic regions, particularly focusing on deeper penetration in North America and Europe by 2025. This strategic direction aligns with the company's objective of addressing growing regulatory demands and the need for enhanced security measures in digital transactions.

## Funding rounds

- Angel, May 16, 2018, $1.9M — GeekBeans Capital

## Investors

- GeekBeans Capital (https://capitalatlas.ai/funds/geekbeans-capital) — Angel