Trinsic is an identity acceptance network that enables businesses to verify users quickly by integrating with over 71 million pre-verified digital identities. This approach addresses the challenges of fragmented identity verification systems, allowing for faster and more secure user onboarding without the need to change existing identity verification providers.
Funding
$9.1M 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
Businesses face challenges in efficiently verifying user identities due to fragmented identity verification systems and the need to integrate with multiple identity providers. Traditional methods often involve cumbersome processes like scanning physical documents, leading to friction and increased fraud risk.
Solution
Trinsic offers an identity acceptance network that streamlines user verification by integrating with a wide array of digital identity providers, including mobile driver's licenses (mDLs), eIDs, and BankIDs. This allows businesses to verify users through digital IDs, which are often more secure and faster than traditional methods. Trinsic's platform acts as a central hub, routing users to the quickest verification option that aligns with specific compliance and risk requirements. By leveraging pre-verified, cryptographically secured identities, businesses can reduce fraud and enhance the user experience with one-click verification processes. The platform's APIs are designed for easy integration, working alongside existing Identity Verification (IDV) flows and supporting major programming languages.
Target Audience
Trinsic primarily targets businesses that require efficient and secure user identity verification, including those in financial services, peer-to-peer rentals, and other industries needing to comply with identity verification regulations.
Features
- Integration with over 40 digital identity networks, including mDLs, eIDs, and BankIDs
- Support for one-click identity verification using reusable digital identities secured by passkeys
- APIs available in major programming languages for easy integration with existing IDV workflows
- Fraud reduction through pre-verified, cryptographically secured identities
- Global coverage, enabling user verification across multiple continents
- Secure data encryption with keys managed by the user's device
- SOC 2 compliance and implementation of standardized identity data models and protocols
- Option for fully white-label integration or use of Trinsic’s prebuilt UI components