Veri5Digital
Latest round
- Series A
Last raised
- Nov 2018
Total raised
- $2M
Investors
- 1
About Veri5Digital
Founded in 2012, Veri5Digital is headquartered in Bangalore, India. The company focuses on digital identity verification solutions, primarily for the banking and finance sectors. The founder, Srikanth Nadhamuni, has a background in technology and entrepreneurship.Veri5Digital specializes in a comprehensive suite of digital solutions aimed at enhancing Know Your Customer (KYC) processes, electronic National Automated Clearing House (eNACH) transactions, and identity verification. The company's core offerings include Video Customer Identification Process (V-CIP) for real-time identity verification, Aadhaar-based digital signatures for streamlined KYC compliance, and automated eMandates for managing recurring payments. These products ensure regulatory compliance with standards set by the Reserve Bank of India, Anti-Money Laundering (AML) norms, and the Unique Identification Authority of India (UIDAI), addressing secure customer onboarding challenges for financial institutions and other regulated entities.10. The company operates on a subscription-based revenue model, allowing clients to access its KYC and identity verification solutions, which include transaction fees based on the volume of verifications or fixed monthly fees for ongoing access and support.65 million to enhance its product offerings and expand into new markets. The company aims to launch additional KYC products by late 2024, addressing the evolving needs of clients. Expansion into regions beyond India, particularly Southeast Asia, is also on the horizon as the company seeks to tap into emerging markets.
Who invested in Veri5Digital
1 investor across 1 round
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Funding rounds
Series A
Nov 5, 2018
Amount
$2M
Investors
Questions about Veri5Digital
Who invested in Veri5Digital?
Veri5Digital has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Veri5Digital raised?
Veri5Digital has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Veri5Digital last raise money?
Veri5Digital's most recent round on record is a Series A, in Nov 2018.
What does Veri5Digital do?
Founded in 2012, Veri5Digital is headquartered in Bangalore, India.
Where is Veri5Digital headquartered?
Veri5Digital is headquartered in Bangalore, India.
Which VCs invest in companies like Veri5Digital?
Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back software companies at Veri5Digital's stage. Their profiles are linked below.
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