Digital Identity Startup Credify Secures US$1 Million Seed Fund from Softbank’s Deepcoreby Fintech News Singapore February 19, 2020
Credify a Singapore based digital identity startup announced today that they have received seed funding from Beenext and Deepcore. The startup describes itself as a provider of Universal Identity and Trust System solutions to companies active in the e-commerce and finance space.
Credify’s Universal Identity product acts as a personal data bridge, connecting consumer services like e-commerce marketplaces and lending platforms with institutions that possess valuable, yet untapped information like identity verification results and credit scores.
This funding round allows Credify to enhance the development of its suite of products, further localize its software development operations in South East Asia, and move ahead with its live client engagements.
Credify CEO Makoto Tominaga commenting on the round said,
“This investment from BEENEXT and DEEPCORE represents far more value than the capital that will assist us as we execute on our vision to elevate trust in digital economies. Both firms bring with them strong networks within our target markets and deep understanding of the strategic and practical execution necessary to transform early stage businesses to large-scale growth enterprises. Credify could not have asked for better partners in this early stage of our journey, and we are overwhelmed with appreciation to have this opportunity to work with both teams for many years to come.”