Israeli identity verification startup Identiq secures $5 million

Israeli identity verification startup Identiq secures $5 million

Tel Aviv-founded identity verification startup Identiq has landed $5 million in a funding round led by Entrée Capital, with participation from Slow Ventures, Vertex Ventures, and Oryzn Capital.

Identiq has just launched its Anonymous Verification Network, which allows companies to pool their efforts in fighting fraud. The startup describes it as “a distributed network allowing members to positively validate new users, and vouch for ones they already know, without sharing any personal user data whatsoever.”

Founded in 2018 in Tel Aviv, the Israeli startup claims that it's not collecting, sharing, or storing any user data, which supposedly makes it fully GDPR-compliant.

Image credit: Nicole Harrington on Unsplash

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