Fully-Verified, an Estonian security startup offering video-based identity verification services, has raised an undisclosed amount of funding, in a round led by Pomerangels, a Polish VC fund, as well as entrepreneurs Krystian Stypuła and Samuli Koski-Lammi.
The Baltic business helps confirm user identities for online services, helping organisations comply with online security regulations such as the know your customer (KYC) guidelines in banking.
Based in Tallinn, Fully-Verified provides both human and automatic video verifications. The services combine automated document recognition, face recognition, machine learning, AI, as well as trained verification specialists. Since the process takes place via live video stream, customers have full transparency and all the details automatically sent via API.
“Fully-Verified has the potential to scale its operations and offer solutions which are in high demand on the current market, especially within the financial sector,” said Krystian Sypula, founder of Home.pl.
According to a press release, the new funding will help the startup expand its identity verification and KYC services into new and emerging markets.