Veri5Digital provides identity verification solutions through Video KYC, Aadhaar-based KYC, and eSign technologies, enabling businesses to accurately verify user identities in under one minute. The platform ensures compliance with regulatory standards while offering customizable digital onboarding solutions that streamline customer acquisition and automate recurring payments.
Funding
$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
Many businesses face challenges in efficiently and accurately verifying user identities, leading to increased operational costs and potential compliance issues. Traditional KYC (Know Your Customer) processes can be time-consuming, cumbersome, and prone to errors.
Solution
Veri5Digital offers a suite of digital identity verification and customer onboarding solutions designed to streamline and accelerate the KYC process. The platform leverages technologies like Video KYC (V-CIP), Aadhaar-based verification, eSign, and eNACH to enable businesses to accurately verify user identities in a fraction of the time compared to traditional methods. By automating key steps in the onboarding process and ensuring compliance with relevant regulations, Veri5Digital helps businesses reduce costs, improve accuracy, and enhance the customer experience. The platform's customizable solutions can be tailored to meet specific business requirements and product workflows.
Target Audience
Veri5Digital primarily targets businesses across various sectors that require robust and efficient identity verification and digital onboarding processes, including financial institutions, e-commerce platforms, and other regulated industries.
Features
- Video KYC (V-CIP) for remote customer identification.
- Aadhaar-based KYC solutions, including hosted options for licensed entities.
- eSign functionality to replace wet signatures with Aadhaar-based digital signatures.
- eNACH (Electronic National Automated Clearing House) for automating recurring payments through NACH-based eMandates.
- Digital KYC solution to digitize all KYC methods.
- AI-powered verification to increase accuracy in real-time.
- Mobile and web SDKs and APIs for seamless integration.
- Customizable onboarding solutions to fit specific business and product flows.
- Compliance with KYC, AML (Anti-Money Laundering), UIDAI (Unique Identification Authority of India), and other regulations.