Yoti is a digital identity platform that utilizes automated document verification, facial age estimation, and a reusable Digital ID wallet to enhance identity verification processes both online and in person. The platform addresses the challenges of fraud prevention and regulatory compliance by providing secure, efficient, and privacy-preserving identity solutions.
Funding
$25.4M 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 customer identities to prevent fraud, comply with regulations, and build trust, often relying on manual processes or fragmented solutions. Traditional methods can be slow, costly, and intrusive, potentially impacting customer experience and data privacy.
Solution
Yoti offers a digital identity platform that streamlines identity verification through automated document verification, facial age estimation, and reusable Digital IDs. The platform enables businesses to quickly and securely verify customer identities online and in person, reducing fraud and ensuring compliance. Yoti's technology minimizes bias across age and skin tones and has been independently tested. The platform also provides legally accepted digital signatures, allowing for faster document signing.
Target Audience
Yoti's primary customers are businesses in regulated industries, governments, and organizations that require secure and efficient identity verification processes.
Features
- Automated document verification with anti-spoofing and deepfake protection
- Facial age estimation technology for privacy-preserving age checks
- Reusable Digital ID wallet for quick connections with verified customers
- eSignatures for legally accepted digital signatures
- MyFace® AI Services including NIST-evaluated passive liveness and facial recognition
- Integration with over 70 SaaS products
- Developer hub with APIs and SDKs for custom solutions