Portabl provides a single API for real-time identity verification and authentication using decentralized identity standards, enabling users to manage and share pre-verified personal data without passwords. This technology reduces onboarding friction and fraud risk while ensuring compliance with KYC and AML regulations across multiple financial services.
Funding
$3.2M 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
Traditional identity verification and authentication processes often rely on passwords and manual KYC/AML checks, leading to friction during onboarding, increased fraud risk, and compliance complexities across various financial services. Users lack control over their personal data, and businesses face challenges in maintaining up-to-date identity information.
Solution
Portabl offers a unified API for real-time identity verification and authentication using decentralized identity standards, empowering users to manage and share pre-verified personal data without passwords. The platform enables businesses to streamline onboarding, reduce fraud, and ensure compliance with KYC and AML regulations. By leveraging Verifiable Credentials and Decentralized Identifiers, Portabl facilitates composable, privacy-preserving verification processes and continuous identity updates, eliminating the need for repeated KYC checks. The solution supports reciprocal authentication, preventing account takeovers and man-in-the-middle attacks.
Target Audience
Portabl targets financial institutions, fintech companies, and other businesses that require robust identity verification and authentication solutions to streamline onboarding, reduce fraud, and ensure regulatory compliance.
Features
- Reusable KYC with support for 150+ countries and 10,000+ ID documents, including biometric matching and tamper detection
- Passwordless authentication using decentralized identity standards
- Real-time verified updates for continuous KYC and AML compliance
- Support for W3C Verifiable Credentials (VCs) and Decentralized Identifiers (DIDs)
- Open ID Connect for VCs & DIDComm for secure connections
- APIs and webhooks for integration with existing systems and risk engines
- Dynamic data updates via the Portabl Passport, allowing users to maintain their information
- Immutable "track changes" for auditability and traceability