# Diwala AS

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

- Industry: Internet
- Headquarters: Oslo, Norway
- Website: www.diwala.io
- Latest round: Seed (Nov 20, 2019)
- Investors on record: 1

## About

Diwala AS provides digital credentialing solutions that streamline the issuance of secure digital identities and certificates for organizations, enhancing efficiency and data integrity in identity management.Founded in 2017, Diwala AS is headquartered in Oslo, Norway. The company focuses on digital credentialing solutions, allowing organizations to issue tamper-proof digital IDs efficiently. The founders, Marina Sellstad, Snorre Von Gohren Edwin, and Thea Myhren, have previous entrepreneurial experience. In November 2019, Diwala AS raised seed funding from investor SOSV, which has supported its initiatives. The company has successfully completed one funding deal to date, with the most recent deal on November 20, 2019.Diwala specializes in digital credentialing solutions that empower organizations to create, seal, and issue tamper-proof digital IDs and certificates efficiently. Their core offering revolves around a web-based platform that enables clients to issue thousands of digital credentials in just three steps, incorporating Self-Sovereign Identity (SSI) principles to enhance data integrity and accessibility. The platform caters to a diverse clientele, including banks, government entities such as police departments, and educational institutions across various countries in Africa and beyond. Designed to facilitate quick onboarding and credential verification, Diwala’s services are accessible to users regardless of whether they possess a smartphone. The solution aims to address significant pain points in the verification process, reducing the time required from months to seconds while promoting trust and transparency in digital identity management.In the most recent financial year 2023, Diwala reported a revenue of USD 19,629.30. However, the company recorded an EBITDA of USD -388,094.90 for the same year. Diwala generates revenue primarily through subscription-based pricing plans tailored to different organizational needs. Their offerings include a tiered structure with packages such as the START plan, priced at USD 49 monthly, which allows up to 500 users to issue an unlimited number of credentials. The IMPACT plan, at USD 180 monthly, supports up to 1,500 users and includes additional features like API integration and multiple credential types. A custom package is also available for larger organizations with specific requirements, allowing for extensive customization and priority support. These subscription models enable Diwala to establish long-term relationships with clients, facilitating a steady revenue stream while delivering essential digital credentialing services that enhance operational efficiency and security for organizations in various sectors.Diwala AS is looking to grow its market presence by expanding into new geographic regions and launching new products. The company plans to introduce advanced credential verification features and expand its services into new markets in Africa and Europe by 2025. The funding raised in November 2019 is expected to support these initiatives, enhancing the platform's capabilities and facilitating market penetration. Diwala AS aims to leverage its innovative solutions to meet the increasing demand for secure digital identities across various sectors.

## Funding rounds

- Seed, Nov 20, 2019 — SOSV

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed