This startup offers cloud-based geolocation services that ensure compliance with geographic regulations in gaming and enable real-time tracking of IoT assets. Their technology provides precise location data management, addressing the need for regulatory adherence and visibility of assets in dynamic environments.
Funding
Funding not disclosed
Founders
Product
Problem
Many industries, particularly gaming, lottery, and financial services, face challenges in ensuring compliance with geographic regulations and preventing fraud related to user location. Traditional methods of geolocation verification can be unreliable and difficult to integrate into existing applications and workflows, leading to potential legal and financial risks.
Solution
Locance provides a cloud-based geolocation and compliance platform that enables businesses to verify user locations, deter fraud, and ensure regulatory adherence. The platform offers a suite of services, including multi-source location detection, device profiling, and geofencing, accessible through web service APIs and a SaaS customer portal. Locance's solutions integrate into existing applications and workflows, providing real-time actionable intelligence and customizable configurations to meet specific business needs. By leveraging Locance's platform, organizations can geographically control access to content, applications, and services, protecting against threats to digital transactions and assets.
Target Audience
Locance primarily serves businesses in the gaming, lottery, supply chain and asset monitoring, and financial services industries that require accurate geolocation services for compliance, fraud prevention, and operational efficiency.
Features
- Multi-source location API to locate devices across mobile, Wi-Fi, and fixed connections with reverse geocoding
- Device profiling API to identify risky device configurations and behaviors
- Smart Zone geofencing API to trigger actions based on pre-configured or custom virtual boundaries
- Geolocation compliance API to meet regulatory requirements and counter cyber threats
- Mobile App SDKs for iOS and Android integration
- Browser JavaScript SDK for browser-based applications
- SaaS web portal for developer resources, administrative tools, and interactive reporting
- Configurable APIs to tailor queries to specific business challenges