
IDPartner
Reusable digital identity solutions enhancing security, reducing fraud, and streamlining access through trusted institutions.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
* | $3.1m | Seed | |
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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IDPartner is a forward-thinking startup that revolutionizes digital identity management by empowering users and providing businesses with secure, verified authentication through trusted institutions. The company operates in the digital identity market, focusing on enhancing security, reducing fraud, and improving customer experience with bank-grade reusable identities.
IDPartner primarily serves financial institutions, including banks, which have a vested interest in maintaining secure and up-to-date identity information for their customers. By leveraging existing investments in Know Your Customer (KYC), Identity and Access Management (IAM), and mobile banking, IDPartner offers a seamless integration process. Businesses can set up the IDPartner button with just two lines of code and use the Software Development Kit (SDK) to simplify the integration of their OpenID Connect (OIDC) client or configure a generic client to connect with IDPartner's network.
The company's business model revolves around providing a suite of identity services that complement existing systems, thereby streamlining access and reducing the risk of fraud. IDPartner makes money by offering these services to financial institutions and other businesses that require robust identity verification solutions. By partnering with banks, IDPartner leverages the trust and regulatory compliance that banks have built over time, ensuring that identity information is accurate and secure.
IDPartner's mission is to create a trusted, user-controlled global marketplace for reusable digital identities, enabling people to thrive online. The company's founders have significant experience in the digital trust space, having led initiatives at the Institute of International Finance and playing key roles in various global identity networks and foundations.
In summary, IDPartner is a company that provides secure, reusable digital identity solutions to financial institutions and other businesses, helping them manage and protect identity assets while enhancing customer experience and reducing fraud.
Keywords: digital identity, authentication, financial institutions, KYC, IAM, mobile banking, secure verification, fraud reduction, user control, global marketplace.