- Vouched, an artificial intelligence identity verification platform, has raised USD 6.3 million to build its platform, hire more people, and serve financial services and health tech firms.
- The Series A financing was led by BHG VC and SpringRock Ventures LLC, with participation from existing investors Darrell Cavens and Mark Vadon.
Vouched, an artificial intelligence identity verification platform firm recently announced that it has secured USD 6.3 million in new investment to develop its platform, boost its personnel, and support financial services and health tech companies.
Vouched, formerly known as Wolly Labs Inc., was founded in 2018 and provided an AI-enhanced platform for regulated and commercial enterprises that need to authenticate persons fast and correctly while decreasing fraud risk. According to the business, the platform delivers multidimensional, dynamic identity verification for individuals, even hard-to-identify groups.
Vouched asserts that it is the only identity verification system that can adapt to guarantee that client development and acquisition objectives are accomplished while compliance needs are met. According to Vouched, it does this using a deterministic decision procedure that provides compliant, secure visual identification.
The service is compatible with any platform, language, or application. According to the business, Vouched’s application programming interfaces and software development kits may be configured to function in tandem with a user’s existing technology stack.
Compliance is fundamental to the Vouched offering, with support for unique identification and Know Your Customer (KYC) requirements across regulated and sensitive industries, including finance, healthcare, the gig economy, real estate, and cryptocurrency exchanges.
Vouched services to over 300 banks, fintech companies, and healthcare organizations. LePrix Inc., WireSecurity LLC, Fernish Inc., Alloy Labs Inc., Hims Inc., and Rentify Inc. are notable clients.
John Baird, Chief Executive Officer of Vouched, said, “Vouched delivers the industry’s most accurate and seamless identity verification AI, enabling companies to securely accelerate onboarding, provide frictionless customer experience and unlock new growth opportunities.”
The Series A financing was led by BHG VC and SpringRock Ventures LLC, with participation from existing investors Darrell Cavens and Mark Vadon. So far, Vouched has raised more than USD 18 million.