Vouchsafe, a London, UK-based provider of an identity verification platform, raised £1M in pre-seed funding.
The round was led by Bethnal Green Ventures (BGV) and supported by Biometric Ventures, Fuel Ventures, Seed X Liechtenstein, along with angel investor Andrew Chevis, CEO of CitizenCard.
The company intends to use the funds to expand operations and its development efforts.
Vouchsafe provides an identity verification platform dedicated to solving global ID poverty helping businesses safely onboard more users without relying on photo ID. To do this, it:
- accepts a wider range of evidence than incumbents, including real-time digital evidence like eVisas.
- offers fallback options like a vouch from a trusted referee, giving every user a fair chance.
- provides background checks, including online footprint analysis, to detect made-up identities.
Vouchsafe is scaling fast. The company is working with financial services firms to apply the technology to banking and credit. They were also chosen by the Scottish Government to help provide public services to people who struggle with proving their identity, through the CivTech programme.
FinSMEs
22/03/2025