The startup offers an online identity verification tool that utilizes biometric authentication and document verification to establish trust and enhance security in digital transactions. By ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations, the platform significantly reduces the risk of fraud for individuals and small businesses.
Funding
$250K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Online interactions are often plagued by uncertainty, making it difficult to trust individuals and increasing the risk of fraud. Traditional methods of identity verification can be inefficient, requiring in-person meetings or complex procedures. This lack of trust hinders online transactions and limits the growth of online businesses.
Solution
Cactus Verify offers an AI-powered identity verification solution that helps establish trust and security in digital interactions. The platform uses biometric authentication, document validation, and location detection to verify individuals in a matter of seconds. By integrating with messaging platforms like WhatsApp Business API, Cactus Verify enables businesses to seamlessly verify customers within conversations. The solution offers various integration methods, including a no-code "Verify by Link" option, a Web SDK, and native mobile SDKs, allowing businesses to customize the verification flow to their specific needs.
Target Audience
Cactus Verify targets small business owners, e-commerce retailers, financial service providers, gambling platforms, crypto companies, micro-mobility services, healthcare organizations, and educational institutions seeking to enhance security and trust in their online interactions.
Features
- Document validation to check the authenticity of identity documents
- Data extraction to collect and store valid data from verified documents
- 3D liveness detection to ensure the person being verified is a physically present human being
- Face similarity checks using biometric identification to prevent identity fraud
- Location detection using IP address analysis to verify a person's location
- Customizable verification flows with branding options
- Ready-made integrations for various platforms, including WhatsApp Business API
- Web SDK for seamless integration into web pages with minimal code
- Mobile SDKs for iOS, Android, and React Native