The startup offers a digital identity verification platform that provides legally binding digital signatures and passwordless authentication for users. By enabling secure login and user authentication, the platform allows individuals and businesses to manage their digital identities while streamlining identity verification processes.
Funding
$44M 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.
IIIBLISV+1Founders
Product
Problem
Businesses face challenges in efficiently verifying user identities online, leading to potential fraud, reduced onboarding conversions, and security vulnerabilities. Traditional methods are often cumbersome, slow, and lack the robust security needed to combat increasingly sophisticated fraud tactics, including AI-generated deepfakes.
Solution
VIDA provides a digital identity verification platform that streamlines user onboarding, reduces fraud, and enhances security through a suite of verification, authentication, and digital signature solutions. The platform offers legally binding digital signatures, passwordless authentication, and biometric verification to enable secure online transactions and account access. VIDA's Identity Stack protects end-to-end digital transactions against fraudulent activities, leveraging AI technology to ensure the authenticity of facial images and prevent deepfake attacks. By automating identity verification processes and providing a seamless user experience, VIDA helps businesses drive conversions, maximize productivity, and maintain compliance with regulatory standards.
Target Audience
VIDA primarily serves businesses across various industries, including banking, finance, and fintech, that require secure and efficient digital identity verification and authentication solutions for customer onboarding, online transactions, and regulatory compliance.
Features
- Digital Identity Verification: End-to-end online identity verification compliant with regulatory standards.
- Document Liveness Detection: Ensures the authenticity of submitted identity documents.
- Face Liveness Detection: AI-powered technology to verify that facial images are captured from a live person, preventing deepfake attacks.
- User Authentication: Passwordless authentication options, including passkey and face token, for secure and seamless logins.
- Fraud Detection: Real-time fraud scanning and deepfake API to identify and prevent fraudulent activities.
- Digital Signatures: Legally binding digital signatures for secure document signing anywhere, anytime.
- Biometric Authentication: Enhances platform security and user experience through biometric verification for logins and sensitive transactions.
- VIDA Identity Stack: Comprehensive protection against AI-generated fraud and social engineering.