FB pixel

Vouched seeks more growth after $6.3M in venture funding

Vouched seeks more growth after $6.3M in venture funding

Identity verifier Vouched says it has closed a $6.3 million round of funding led by BHG VC, SpringRock Ventures.

Vouched executives say they will use the money to increase further the firm’s rapid growth over the last year. In fact, they say the company’s platform can verify 85 percent of everyone on Earth

The executives say that 300 banks, fintechs and health-care companies are customers. Vouched performs liveness checks against scanned photo identification for digital ID verification in general and KYC.

Kirsten Morbeck, managing director of SpringRock, said in a prepared statement: “Vouched has built an automated, AI-powered, proprietary solution that is faster, more accurate, more configurable, more scalable and less expensive than existing solutions.”

Prior independent investors Darrell Cavens and Mark Vadon also participated in the financing.

Vouched closed a $4.5 million round in August 2021, which Cavens led. Then, too, Vouched executives were looking to sweeten the firm’s growth. At the time, the company had 150 KYC and selfie biometrics customers.

The round is the fourth for Vouched, and Crunchbase calls it a venture round.

The company is also part of a consortium providing technology to screen the identities of people hosting Ukrainian war refugees.

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News


DHS awards SVIP contract to Procivis for decentralized identity software

Procivis AG, a subsidiary of Swiss institution Orell Füssli, has been awarded a tender through the U.S. Department of Homeland…


Police Scotland engages public on biometric data rights amid cloud storage concerns

Police Scotland has commenced the distribution of an information leaflet to all individuals in police custody who have their biometric…


‘Facial recognition is the easy part’: digital travel ID pilot results are in

Air travel has been getting more complicated. From security and passport checks to special documents such as COVID-19 certificates, passengers…


Worldcoin expands to Ecuador, set to resume in Kenya and Portugal

Chalk up a win for Worldcoin in Kenya, where authorities have dropped their investigation into the iris biometrics and digital…


New multilingual audio deepfake detection coming to Reality Defender

Reality Defender is set to announce the launch of enhanced multilingual deepfake detection in its tool suite. In an exclusive…


Vote begins on biometric injection attack standard

Europe’s standard for biometric data injection attacks is on track to be published in October of this year, and could…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events