The startup offers a verification platform that utilizes government-issued ID checks and secure goCodes to authenticate user identities in online transactions. This technology enables individuals and communities to engage in secure transactions while minimizing the risk of fraud.
Funding
$6.5M 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 transactions in social media communities and peer-to-peer marketplaces are vulnerable to fraud due to the difficulty in verifying the identities of participants. Existing methods for assessing trustworthiness, such as account age or karma, are insufficient to deter sophisticated scammers. This lack of trust hinders legitimate commerce and exposes individuals to financial risks.
Solution
goConfirm provides a portable digital identity solution that enables individuals to verify their identity using government-issued IDs and share that verification status across different online platforms. Users undergo a one-time verification process that includes ID authentication and a 3D face scan to ensure biometric uniqueness and prevent burner accounts. Once verified, users can create unique, transaction-specific "goCodes" to share with potential buyers or sellers on platforms like Facebook, Reddit, Instagram, and WhatsApp. Connecting through a goCode allows users to exchange a limited set of verified identity details, such as profile photo, first name, and platform username, fostering trust and deterring fraudulent activity.
Target Audience
The primary target audience includes individuals who frequently engage in online transactions within social media communities and peer-to-peer marketplaces, as well as community administrators seeking to enhance trust and safety for their members.
Features
- Government-issued ID verification with authenticity checks using hundreds of data points
- 3D face scan for biometric uniqueness, preventing duplicate or fake accounts
- goCodes: unique, transaction-specific codes for establishing verified connections
- Portable identity: users can bring their verified status across multiple platforms
- Verified Messaging: enables secure communication between verified parties
- Support for law enforcement: provides actionable identity data in the event of reported fraud and a filed police report
- ScamSpotter: AI tool to help safeguard against digital scams
- Integration with Reddit to automatically check over 50,000 high-risk accounts