MiTrust is a platform that enables users to securely share verified personal data directly from regulated sources, such as banks and telecom providers, using a single API. This approach eliminates the inefficiencies and risks associated with traditional document verification processes, allowing businesses to make instant, data-driven decisions while ensuring user consent and privacy.
Funding
$5.3M 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 methods of verifying personal data rely on manual document submission and verification, which are inefficient, time-consuming, and prone to errors and fraud. This creates friction in various processes, such as loan applications, tenant screenings, and supplier onboarding, leading to delays and increased operational costs.
Solution
MiTrust offers a secure platform that enables users to share verified personal data directly from trusted, regulated sources like banks, telecom providers, and government agencies. By using a single API, businesses can access authentic user data with user consent, eliminating the need for manual document verification. This streamlined process allows for instant, data-driven decisions, reduces the risk of fraud, and enhances user privacy by ensuring data is shared directly from the source without storage by MiTrust. The platform supports a wide range of data points, including identity, income, address, and bank details, facilitating various use cases across industries.
Target Audience
MiTrust primarily serves businesses in the banking and credit, real estate, insurance, supplier compliance, human resources, and online gaming and betting industries that require secure and efficient user data verification.
Features
- Single API access to over 3,000 data sources, including banks, telcos, and government agencies
- User-controlled data sharing with explicit consent at every step
- Real-time data retrieval and verification directly from original sources
- Support for over 300 data points, including identity, income, insurance, and address
- Compliant with GDPR and other data protection regulations
- Data encryption and robust security protocols to protect user data
- Integration with existing systems through a single API
- Automatic quarterly data updates