AI-driven identity verification platform Vouched recently announced it has closed a $6.3 million funding round, bringing its total investment to $18 million. The funding round was led by BHG VC and SpringRock Ventures, with additional investments from angel investors.
Vouched, founded in 2018, provides identity verification solutions to regulated and commercial businesses, such as banks, fintechs, and healthcare providers. This helps the businesses to minimize the risk of fraud and the platform is said to cover over 85% of the world’s population.
The company’s AI-based platform helps organizations accelerate onboarding through accurate identity verification, while simultaneously reducing the risk of fraud. Additionally, the automated solution is highly configurable and can be used with existing products through its APIs and SDKs.
John Baird, Vouched’s CEO, expressed excitement about enhancing the value of the identity verification platform to the healthcare market and ensuring that they remain a trusted partner-of-choice for businesses in highly regulated markets.
In conclusion, the identity verification platform Vouched has raised $6.3 million in a funding round, bringing the total investment in the company to $18 million. This investment will help Vouched provide a secure identity verification platform to regulated and commercial businesses, while also minimizing the risk of fraud.
Key Points:
- Vouched recently raised $6.3 million in a funding round, bringing its total investment to $18 million.
- Vouched provides identity verification solutions to regulated and commercial businesses.
- The platform is designed to minimize the risk of fraud and is said to cover over 85% of the world’s population.
- The AI-based platform helps organizations accelerate onboarding through accurate identity verification.
- The automated solution is highly configurable and can be used with existing products through its APIs and SDKs.